lachlanpowers
Triáni Citizen
Deputy SecEcon
Posts: 36
(3/8/03 12:00 pm)
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Taxation and Fees
Well well well, we all hate tax but there are two things certain in life.. death and tax (ok ok.. I know.. but I had to say it!)
TAX IS PAYABLE MONTHLY. FAILURE TO PAY WILL BE PUNISHABLE.
Tax owed will be published in this forum as soon after the first of the month as possible. All taxes are payable to the Trian Government Account.
Tax rates are currently low due to huge govt. reserves.
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TAXATION
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Individuals (paid on income)
<400t = Tax Free (No tax paid)
400-800 = 5% Tax
800-1500 = 10% Tax
1500+ = 15% Tax
Businesses
Flat Tax Rate: 20% on all profits. If you make a loss you will not have to pay anything.. lucky you!
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FEES
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Late BAS Lodgement:
- 1 week: 40t
- 1 week +: 40t + 10t per day over 1 week
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** All figures as at August 3rd 2003, may change at any time!
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Lachlan Powers
Prime Minister
Republic of Aerlig
Deputy SecEcon
Commonwealth of Trian
 Edited by: lachlanpowers at: 3/8/03 12:11 pm
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