VAT

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Value Added Tax, or VAT, is a tax set forth by the Country administration that increases the selling price of items at the marketplace. Tax revenue is added to the country's account.

Example: If a citizen decides to sell one unit of Food for $1.00, and the countries VAT for food is 5%, then he will earn just $0,95 for that unit of Food (1.00-0,05).

So be careful when you place an offer on the market. A good idea to avoid losing money is to calculate your real income once VAT is applied, before to place the offer.

Tax rates can be viewed by clicking on the Economy under the Info tab.

VAT is not added to the price of raw materials.

See Also


Back.gif Back to Taxes page


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