The word retribution originally from the Latin ‘taxo’ which means obligatory economy fees or several classifications of levies foisted on taxpayers, taxpayers can be privates or another legal organizations. Failure to pay, together with nonacceptance of taxation, can be penalized by law. Tax consists of indirect or direct 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 also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual revenue. Most countries push taxes on institution income or dividends. Countries commonly also foist 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 calculations both individual 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 daily job. Hope this inspires you all.
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