The word retribution taken from the Latin ‘taxo’ which means compulsory financial fees or some categories of levies imposed on taxpayers, taxpayers can be personals or other legal entities. Failure to pay, together with refusal of taxation, can be punished 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 utilized to pay for public needs or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual income. Most nations force taxes on institution income also dividends. Nations usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various clasification of taxes mentioned above, so you can easily do your tax calculations both private and legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax estimation in their regular work. Hope this helps you all.
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