Taxes
From eRepublik Official Wiki
Revision as of 03:00, 9 August 2013 by Yamisuke (Talk | contribs) (Updated info according to official 2,088 update about Work Tax.)
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Taxes are the main source of funding for countries of the New World. They gather money for their development thanks to the tax system. |
List of Taxes
List of taxes. Each product has three taxes set: Work Tax, Import Tax and Value Added Tax
Your country's current taxes can be seen on the Economy page in game.
- Work Tax: A tax on employees salary and work as manager. It is shown as applied to ticket, defense system and hospital companies even if those ones do not exist anymore.
- 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.
Old taxes
- 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.
Tax Changes
Changes to Work 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.
