Difference between revisions of "Income tax"
From Industries wiki
| Line 1: | Line 1: | ||
| − | Once your business is large enough, income tax is deducted on every sale. This applies to sales on the market as well as sales through contracts. The income tax is classified differently according to the value of the company. Up to 10M company value is tax free. Below you will find a table on this:<br> | + | Once your business is large enough, income tax is deducted on every sale. This applies to sales on the market as well as sales through contracts. The income tax is classified differently according to the value of the company. Up to 10M company value is tax free. From a company value of 10T the tax is capped at 25%. Below you will find a table on this:<br> |
{| class="wikitable" style="margin:auto" | {| class="wikitable" style="margin:auto" | ||
Revision as of 07:22, 30 July 2022
Once your business is large enough, income tax is deducted on every sale. This applies to sales on the market as well as sales through contracts. The income tax is classified differently according to the value of the company. Up to 10M company value is tax free. From a company value of 10T the tax is capped at 25%. Below you will find a table on this:
| Company value (up) | Tax (%) |
|---|---|
| 10M | 2% |
| 100M | 4% |
| 500M | 6% |
| 1B | 8% |
| 10B | 10% |
| 50B | 12% |
| 100B | 15% |
| 500B | 18% |
| 1T | 20% |
| 10T | 25% |
