The word retribution originally from the Latin ‘taxo’ which means mandatory financial costs or several types of levies imposed on taxpayers, taxpayers can be personals or another legal organizations. Failure to pay, together with rejection of taxation, could be punished 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 also to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual revenue. Most nations force taxes on corporate income and dividends. Nations commonly also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various clasification of taxes stated above, so you can easily do your tax estimates both individual or legal entities.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do corporate tax estimates in their regular job. Hope this inspires you all.
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