The phrase retribution taken from the Latin ‘taxo’ which means mandatory economy fares or several types of levies imposed on taxpayers, taxpayers could be personals or other legal entities. Failure to pay, together with declining of taxation, can be punished by law. Tax consists of direct or indirect 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 also to build 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 revenue. Most nations impose taxes on institution income or dividends. Nations frequently also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various clasification of taxes stated above, so you can easily do your tax calculations both individual and legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their daily work. Hope this helps you all.
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