The word retribution comes from the Latin ‘taxo’ which means compulsory economy fares or some categories of levies imposed on taxpayers, taxpayers can be privates or another legal entities. Failure to pay, together with rejection of taxation, can be punished by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries own 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 revenue, but most retribution scales are based on annual income. Most countries push taxes on corporate income or dividends. Countries generally also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various types of taxes declared above, so you can easily do your tax calculations both private or legal entities.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do entity tax estimation in their daily work. Hope this helps you all.
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