The word retribution comes from the Latin ‘taxo’ which means compulsory financial fares or some categories of levies forced on taxpayers, taxpayers can be personals or another legal entities. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual income, but most tax scales are based on annual revenue. Most countries impose taxes on corporate income and dividends. Countries often also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various clasification of taxes mentioned above, so you can easily do your tax estimation both personal and legal institutions.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax estimation in their daily job. Hope this helps you all.
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