The word retribution originally from the Latin ‘taxo’ which means mandatory financial costs or several types of levies forced on taxpayers, taxpayers can be privates or other legal organizations. Failure to pay, together with rejection of taxation, can 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 have 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 private annual income, but most retribution scales are based on annual income. Most countries push taxes on institution income or dividends. Nations generally also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various categories of taxes mentioned above, so you can easily do your tax calculations both personal and legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do company tax estimation in their daily job. Hope this helps you all.
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