The word retribution taken from the Latin ‘taxo’ which means compulsory monetary fees or several categories of levies foisted on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of indirect or direct taxes or 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 personal annual income, but most tax scales are based on annual income. Most countries force taxes on corporate revenue and dividends. Countries generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various types of taxes stated above, so you can easily do your tax calculations both private and legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do entity tax calculations in their daily work. Hope this helps you all.
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