The word retribution comes from the Latin ‘taxo’ which means mandatory economy fees or some categories of levies imposed on taxpayers, taxpayers could be privates or another legal organizations. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of direct or indirect taxes and can 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 or to construct 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 revenue. Most countries force taxes on corporate income also dividends. Nations frequently also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various categories of taxes stated above, so you could easily do your tax calculations both individual and legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do company tax estimates in their daily work. Hope this helps you all.
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