The phrase retribution comes from the Latin ‘taxo’ which means mandatory financial fares or several classifications of levies foisted on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with nonacceptance of taxation, can be penalized by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries 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 revenue, but most tax scales are based on annual income. Most countries force taxes on corporate revenue also dividends. Countries generally also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various clasification of taxes declared above, so you can easily do your tax calculations both private and legal entities.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their regular work. Hope this helps you all.
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