The word retribution taken from the Latin ‘taxo’ which means mandatory financial fares or some kinds of levies imposed on taxpayers, taxpayers can be privates or other legal organizations. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of direct or indirect taxes and could 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 and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most tax scales are based on annual income. Most nations force taxes on corporate revenue also dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various types of taxes declared above, so you can easily do your tax calculations both personal and legal organizations.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimates in their regular job. Hope this helps you all.
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