The word retribution comes from the Latin ‘taxo’ which means mandatory monetary fees or some types of levies imposed on taxpayers, taxpayers could be individuals or another legal institutions. Failure to pay, together with nonacceptance of taxation, can be punished by law. Tax consists of indirect or direct taxes also 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 also to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most countries push taxes on institution revenue or dividends. Countries frequently also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes stated above, so you can easily do your tax estimation both individual or legal organizations.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their regular work. Hope this helps you all.
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