The phrase retribution comes from the Latin ‘taxo’ which means compulsory economy fares or some types of levies imposed on taxpayers, taxpayers can be privates or another legal entities. Failure to pay, together with declining of taxation, could be punished by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized 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 income, but most tax scales are based on annual revenue. Most countries push taxes on corporate revenue or dividends. Nations frequently also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes mentioned above, so you can easily do your tax estimation both private and legal organizations.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax estimates in their daily job. Hope this inspires you all.
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