The phrase retribution taken from the Latin ‘taxo’ which means compulsory economy fares or some categories of levies imposed on taxpayers, taxpayers could be privates or other legal organizations. Failure to pay, together with refusal of taxation, could be penalized 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 build 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 nations force taxes on corporate income or dividends. Countries frequently also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes declared above, so you could easily do your tax estimates both individual 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 regular work. Hope this inspires you all.
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