The phrase retribution taken from the Latin ‘taxo’ which means obligatory financial costs or some categories of levies forced on taxpayers, taxpayers could be personals or other legal entities. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of direct or indirect taxes also 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 build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual income. Most countries impose taxes on institution revenue also dividends. Nations usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes mentioned above, so you could easily do your tax estimates both individual and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their regular job. Hope this helps you all.
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