The word retribution taken from the Latin ‘taxo’ which means compulsory economy fares or some types of levies forced on taxpayers, taxpayers can be privates or another legal entities. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of indirect or direct taxes also can be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most retribution scales are based on annual revenue. Most countries force taxes on corporate income and dividends. Countries generally also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various clasification of taxes stated above, so you could easily do your tax calculations both individual or legal entities.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their daily work. Hope this helps you all.
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