The phrase retribution originally from the Latin ‘taxo’ which means obligatory monetary fares or some categories of levies foisted on taxpayers, taxpayers could be individuals or another legal organizations. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of direct or indirect taxes or can 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 construct 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 foist taxes on corporate revenue and dividends. Nations generally also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes declared above, so you can easily do your tax estimation both individual and legal institutions.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do institution tax estimates in their regular job. Hope this inspires you all.
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