The word retribution taken from the Latin ‘taxo’ which means compulsory financial fees or some kinds of levies forced on taxpayers, taxpayers can be individuals or other legal institutions. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of indirect or direct taxes or can 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 and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most nations foist taxes on corporate income or dividends. Countries generally also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various clasification of taxes declared above, so you can easily do your tax estimates both private or legal organizations.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do institution tax estimates in their regular job. Hope this inspires you all.
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