Difference between revisions of "Import tax"

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Import Tax is a tax set forth by the [[Country administration]] that decrease the earning cutting out the tax from the price of items at the [[marketplace]] when [[citizen]] selling the item doesn't have a [[citizenship]] of the [[country]]. Tax revenue is added to the country's account.
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'''Import tax''' is a tax set forth by the [[Country administration]] that decrease the earning cutting out the tax from the price of items at the [[marketplace]] when [[citizen]] selling the item doesn't have a [[citizenship]] of the [[country]]. Tax revenue is added to the country's account.
  
Example: If a citizen with Spanish citizenship decides to sell one unit of [[Food]] at the marketplace in France for $1.00, and France's import tax for food is 50%, and France's [[VAT]] is 5%, then the earning for the seller will be only $0.45 (1.00 - 55%). So the import tax is now a real loss for the seller, and not anymore just an obstacle for the price competitivity.
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;Example: ''If a citizen with Spanish citizenship decides to sell one unit of [[Food]] at the marketplace in France for '''$1.00''', and France's '''import tax''' for food is '''50%''', and France '''[[VAT]]''' is '''5%''', then the '''earning''' for the seller will be only '''$0.45 (1.00 - 55%)'''.''
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So the import tax is now a real loss for the seller, and not anymore just an obstacle for the price competitivity.
 
This new way of taxation makes the export activity almost always less profitable than placing offers on the local market.
 
This new way of taxation makes the export activity almost always less profitable than placing offers on the local market.
  
 
Tax rates can be viewed by clicking on the [[Economy]] tab on [[Country stats]].
 
Tax rates can be viewed by clicking on the [[Economy]] tab on [[Country stats]].
  
==See Also==
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==See also==
 
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*[[Income Tax]]
 
*[[Income Tax]]
 
*[[VAT]]
 
*[[VAT]]
*[[Taxes]]
 
  
 
{{Back|Taxes}}
 
{{Back|Taxes}}
 
{{MenuEconomy}}
 
{{MenuEconomy}}
 
[[Category:Laws]][[Category:ERepublik Legacy Articles]]
 
[[Category:Laws]][[Category:ERepublik Legacy Articles]]

Revision as of 13:34, 8 August 2013

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Import tax is a tax set forth by the Country administration that decrease the earning cutting out the tax from the price of items at the marketplace when citizen selling the item doesn't have a citizenship of the country. Tax revenue is added to the country's account.

Example
If a citizen with Spanish citizenship decides to sell one unit of Food at the marketplace in France for $1.00, and France's import tax for food is 50%, and France VAT is 5%, then the earning for the seller will be only $0.45 (1.00 - 55%).

So the import tax is now a real loss for the seller, and not anymore just an obstacle for the price competitivity. This new way of taxation makes the export activity almost always less profitable than placing offers on the local market.

Tax rates can be viewed by clicking on the Economy tab on Country stats.

See also


Back.gif Back to Taxes page