The word retribution originally from the Latin ‘taxo’ which means compulsory economy fees or several classifications of levies imposed on taxpayers, taxpayers can be personals or other legal institutions. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most tax scales are based on annual income. Most countries force taxes on corporate income and dividends. Countries frequently also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes declared above, so you can easily do your tax estimates both personal or legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their regular job. Hope this inspires you all.
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