The word retribution originally from the Latin ‘taxo’ which means mandatory economy fees or some kinds of levies forced on taxpayers, taxpayers could be individuals or other legal institutions. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect taxes or can be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations force taxes on institution revenue or dividends. Nations usually also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes mentioned above, so you can easily do your tax estimates both personal and legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do institution tax estimates in their daily job. Hope this inspires you all.
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