The word retribution taken from the Latin ‘taxo’ which means obligatory monetary fees or some classifications of levies forced on taxpayers, taxpayers can be individuals or other legal institutions. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of indirect or direct taxes and could be paid in the form of money or equivalent to labor.
Most countries own a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most retribution scales are based on annual revenue. Most countries foist taxes on institution revenue also dividends. Nations frequently also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various categories of taxes stated above, so you can easily do your tax estimates both individual or legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do entity tax estimation in their daily work. Hope this helps you all.
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