The word retribution originally from the Latin ‘taxo’ which means compulsory monetary fares or several types of levies forced on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of direct or indirect 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. several levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual revenue. Most countries force taxes on institution revenue also dividends. Nations commonly also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various categories of taxes stated above, so you can easily do your tax estimates both individual or legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do entity tax estimation in their daily job. Hope this helps you all.
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