Difference between revisions of "One:Taxes"
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{{LangMenu|One:Taxes}}{{Version1}} | {{LangMenu|One:Taxes}}{{Version1}} | ||
− | {{Tall image|Taxes.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|Taxes V1.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}} |
== List of Taxes == | == List of Taxes == | ||
Your country's current taxes can be seen on the [[Economy]] page in game. | Your country's current taxes can be seen on the [[Economy]] page in game. | ||
− | * '''[[Income | + | * '''[[Income tax]]''': A tax on all revenue in eRepublik, including salary and profit |
− | * '''[[Import | + | * '''[[Import tax]]''': A tax on products purchased from a foreign producer |
* '''[[VAT]] (VAT)''': A tax paid every time something is purchased from the market. | * '''[[VAT]] (VAT)''': A tax paid every time something is purchased from the market. | ||
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*A single law proposal can change taxes only for one [[One:Industry|Industry]] | *A single law proposal can change taxes only for one [[One:Industry|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 | + | 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 other hand, if taxes are set too low, less money will come from the economic activity, and the country or region budget will have lower revenues. |
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Latest revision as of 22:51, 11 February 2019
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List of Taxes
Your country's current taxes can be seen on the Economy page in game.
- Income tax: A tax on all revenue in eRepublik, including salary and profit
- Import tax: A tax on products purchased from a foreign producer
- VAT (VAT): A tax paid every time something is purchased from the market.
VAT is not added to the price of raw materials.
Tax Changes
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 other hand, if taxes are set too low, less money will come from the economic activity, and the country or region budget will have lower revenues.
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