The phrase retribution taken from the Latin ‘taxo’ which means obligatory economy costs or some categories of levies imposed on taxpayers, taxpayers can be privates or another legal organizations. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of direct or indirect taxes also can 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 and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations impose taxes on institution income and dividends. Nations frequently also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various categories of taxes declared above, so you could easily do your tax estimates both individual and legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their daily job. Hope this inspires you all.
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