Difference between revisions of "Taxes"
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| − | {{LangMenu}} | + | {{LangMenu}}{{-}} |
| − | + | [[File:Taxes2.jpg|thumb|right|500px|List of taxes. <br> Most [[Industry|industries]] have all three taxes set: Work Tax, Import Tax and Value Added Tax]] | |
| − | [[File:Taxes2.jpg|thumb|right|500px|List of taxes. | + | {| |
| − | == List of Taxes == | + | |[[File:Icon taxes.gif]] |
| + | |'''Taxes''' are the main source of funding for [[country|countries]] of the New World.<br />They gather money for their development thanks to the tax system. | ||
| + | |} | ||
| + | __NOTOC__ | ||
| + | ==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. | ||
| − | * '''[[ | + | *'''[[Work tax]]''': Tax on employee's salary and on a salary when working as a manager. |
| − | * '''[[Import | + | *'''[[Import tax]]''': Tax on items sold on the [[marketplace]] of a country that differs from seller's citizenship country |
| − | * '''[[VAT]]''': | + | *'''[[VAT|Value added tax (VAT)]]''': Tax paid on sold [[Products|manufactured goods]] on the marketplace. '''VAT is not added to the price of [[raw materials]].''' |
| − | == | + | ===Old taxes=== |
| − | [[ | + | * '''[[Income tax]]''': A tax on employees salary. |
| + | |||
| + | ==Tax Changes== | ||
| + | Changes to Work Tax, Import Tax, and VAT are proposed by [[Congress member|Congress members]] and approved by [[Congress]] through voting. | ||
*A single law proposal can change taxes only for one [[industry]]. | *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 | + | 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]] budget will have lower revenues. |
| + | |||
| + | ==See also== | ||
| + | * [[One:Taxes]] - Taxes in V1 version of the game | ||
| + | {{Back|Economy}} | ||
| + | {{Laws}} | ||
{{MenuEconomy}} | {{MenuEconomy}} | ||
| + | [[Category:Economy]] | ||
| + | [[Category:Laws]] | ||
Latest revision as of 04:11, 9 November 2020
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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
Your country's current taxes can be seen on the Economy page in game.
- Work tax: Tax on employee's salary and on a salary when working as a manager.
- Import tax: Tax on items sold on the marketplace of a country that differs from seller's citizenship country
- Value added tax (VAT): Tax paid on sold manufactured goods on the marketplace. VAT is not added to the price of raw materials.
Old taxes
- Income tax: A tax on employees salary.
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 other hand, if taxes are set too low, less money will come from the economic activity, and the country budget will have lower revenues.
See also
- One:Taxes - Taxes in V1 version of the game
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