Import tax
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Import tax was a tax set forth by the Country administration that decreased 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 was added to the country's account. |
- Example
- If a citizen with Spanish citizenship decided to sell one unit of Food at the marketplace in France for $1.00, and France's import tax for food was 50%, and France VAT was 5%, then the earning for the seller would be only $0.45 (1.00 - 55%).
So the import tax was a real loss for the seller, and not anymore just an obstacle for the price competitivity.
This way of taxation made the export activity almost always less profitable than placing offers on the local market.
Import Tax was replaced by Work Tax on Day 2,089!
Tax rates can be viewed by clicking on the Economy tab on Country stats.
