The word retribution originally from the Latin ‘taxo’ which means compulsory monetary fees or some categories of levies foisted on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with declining of taxation, can be punished by law. Tax consists of direct or indirect taxes also can be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used to pay for public needs or 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 nations push taxes on corporate revenue or dividends. Nations generally also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various types of taxes stated above, so you could easily do your tax calculations both individual and legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do institution tax calculations in their daily work. Hope this inspires you all.
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