Difference between revisions of "Taxes"
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|'''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. | |'''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. | ||
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==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. | ||
*'''[[Work tax]]''': Tax on employee's salary and on a salary when working as a manager. | *'''[[Work tax]]''': Tax on employee's salary and on a salary when working as a manager. | ||
− | *'''[[Import tax]]''': Tax on items | + | *'''[[Import tax]]''': Tax on items sold on the [[marketplace]] of a country that differs from seller's citizenship country |
*'''[[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]].''' | *'''[[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]].''' | ||
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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. | 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. | ||
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+ | ==See also== | ||
+ | * [[One:Taxes]] - Taxes in V1 version of the game | ||
{{Back|Economy}} | {{Back|Economy}} |
Revision as of 04:08, 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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