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Taxes, there are three different type of taxes.

  • Income Tax
  • VAT
  • Import Tax

Income TaxEdit

Income tax is a tax set by the Country administration (President, Minister of Economy or Congressman) which is taking part of the salary when you work and when you withdraw money from the company . Tax revenue is added to the country Treasury. Tax applies to currency and to gold.


Example 1 If you are working in a food company, your salary is 10 currency and income tax for food is 5% you will get 9,5 and 0,5 will go to country treasury.

Example 2 If you want to take out 100 currency from food company and income tax for food is 5% you will get 95 and 5 will go to country treasury.

VATEdit

Value Added Tax or VAT is a tax set by the Country administration (President, Minister of Economy or Congressman) that increases the selling price of items at the Market. Tax revenue is added to the country Treasury.


Example If you decide to sell 1 unit of food on the market for 5 currency and VAT tax for food is 10% then you will get 4.5 and 0.5 will go to country treasury.

Import TaxEdit

Import tax is a tax set by the Country administration (President, Minister of Defense, Congressman) that decreases the earning when you sell items to market of a country that your company is not located in. In order to sell to another country market you must first buy a licence. Tax revenue is added to the country Treasury.


Example If your company is located in Italy and you are selling 1 House on Germany market for 200 currency and import tax for houses in Germany is 20% then you will get 160 and 40 will go to Germany country treasury.

You can see all taxes on the country page under the economy tab.

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