The word retribution taken from the Latin ‘taxo’ which means obligatory financial fees or some kinds of levies foisted on taxpayers, taxpayers can be privates or another legal institutions. Failure to pay, together with declining of taxation, can be punished by law. Tax consists of indirect or direct taxes and could 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 personal annual income, but most tax scales are based on annual revenue. Most countries foist taxes on corporate revenue or dividends. Nations often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various categories of taxes declared above, so you can easily do your tax estimates both private and legal organizations.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do entity tax calculations in their daily job. Hope this helps you all.
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