The word retribution comes from the Latin ‘taxo’ which means obligatory monetary costs or several categories of levies imposed on taxpayers, taxpayers can be privates or another legal organizations. Failure to pay, together with declining of taxation, could be penalized 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 utilized to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual income. Most countries force taxes on corporate revenue or dividends. Countries generally also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various categories of taxes declared above, so you could easily do your tax estimates both private and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do company tax calculations in their regular job. Hope this inspires you all.
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