The phrase retribution taken from the Latin ‘taxo’ which means obligatory financial fares or some categories of levies imposed on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with nonacceptance of taxation, could 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 used to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual income. Most countries force taxes on corporate revenue or dividends. Nations generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes declared above, so you could easily do your tax estimates both private or legal organizations.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their regular job. Hope this inspires you all.
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