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