The word retribution comes from the Latin ‘taxo’ which means obligatory economy costs or some categories of levies foisted on taxpayers, taxpayers could be privates or other legal institutions. Failure to pay, together with declining of taxation, could be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most countries own a tax system that is utilized to pay for public needs also to build 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 income. Most nations impose taxes on corporate income also dividends. Countries usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various clasification of taxes stated above, so you could easily do your tax estimation both private and legal entities.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for employees who do institution tax estimates in their regular work. Hope this inspires you all.
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