Difference between revisions of "Taxes"

From eRepublik Official Wiki
Jump to: navigation, search
m
 
(getting rid of eRepublik Rising category)
Line 1: Line 1:
{{LangMenu}} [[Category:Economy]] [[Category:ERepublik Rising]]
+
{{LangMenu}} [[Category:Economy]]  
  
 
{{Tall image|Taxes2.jpg|529|320|alt=List of taxes. Each product has three taxes set: Income Tax, Import Tax and Value Added Tax.|Tax list example|right}}
 
{{Tall image|Taxes2.jpg|529|320|alt=List of taxes. Each product has three taxes set: Income Tax, Import Tax and Value Added Tax.|Tax list example|right}}

Revision as of 07:31, 12 January 2013

Languages: 
EnglishIcon-English.png
БългарскиIcon-Bulgaria.png
中文(简体)Icon-China.png
中文(繁體)Icon-Republic of China (Taiwan).png
HrvatskiIcon-Croatia.png
EestiIcon-Estonia.png
فارسیIcon-Iran2.png
SuomiIcon-Finland.png
FrançaisIcon-France.png
ΕλληνικάIcon-Greece.png
ItalianoIcon-Italy.png
한글Icon-South Korea.png
PolskiIcon-Poland.png
RomânăIcon-Romania.png
СрпскиIcon-Serbia.png
SlovenščinaIcon-Slovenia.png
EspañolIcon-Spain.png
TürkçeIcon-Turkey.png
УкраїнськаIcon-Ukraine.png
List of taxes. Each product has three taxes set: Income Tax, Import Tax and Value Added Tax.
Tax list example

List of Taxes

Your country's current taxes can be seen on the Economy page in game.

  • Income Tax: A tax on employees salary. Income tax is not added to House, Defense System, Hospital as Moving Tickets products and they can no longer be produced.
  • Import Tax: A tax on products purchased from a foreign producer .
  • VAT: Value added Tax. A tax paid on manufactured goods. VAT is not added to the price of raw materials.

Tax Changes

Icon taxes.gif Changes to Income Tax, Import Tax, and VAT are proposed by Congress members and approved by Congress through voting.

  • A single law proposal can change taxes only for one industry.

If taxes are set too high, the economy will be affected, as taxpayers will not be able to keep up with the growth. On the the other hand, if taxes are set too low, less money will come from the economic activity, and the country budget will have lower revenues.