Paying taxes in New Vanguardia is quite simple! Most taxes will be taken automatically as part of transactions, especially for the large majority of people. For high-earners and corporations, the steps involved are hardly more complicated.<\/p>\n\n\n\n
One of the most important taxes in New Vanguardia is the value-added tax, and this is applied to each purchase and service obtained in (or produced by) the country. You won’t have to worry about paying back extra VAT each year, as that responsibility lies on the companies and not on individuals. Just know that you are giving back to New Vanguardia with each purchase!<\/p>\n\n\n\n
Most individuals in New Vanguardia will never need to worry about income tax, as it is only levied on very high earners and on businesses. Payments are organized through the Tax and Revenue Administration.<\/p>\n\n\n\n The standard rate for corporate income tax is 25%.<\/p>\n\n\n\n The state charges an excise tax on goods such as cosmetics, alcohol, cars, narcotics, high fashion, etc. This is paid by the seller but usually results in increased prices for the consumer.<\/p>\n\n\n\n Property tax is primarily charged to businesses. There is no personal private ownership; instead, New Vanguardia has land use contracts, which stipulate taxes only for business property or “estates”, aka highly-valued and land-intensive property.<\/p>\n","protected":false},"excerpt":{"rendered":" Paying taxes in New Vanguardia is quite simple! Most taxes will be taken automatically as part of transactions, especially for the large majority of people. For high-earners and corporations, the steps involved are hardly more complicated. Value-added tax One of the most important taxes in New Vanguardia is the value-added tax, and this is applied […]<\/p>\n","protected":false},"author":1,"featured_media":301,"parent":14,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-with-title","meta":{"footnotes":""},"class_list":["post-98","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/pages\/98","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/comments?post=98"}],"version-history":[{"count":4,"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/pages\/98\/revisions"}],"predecessor-version":[{"id":293,"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/pages\/98\/revisions\/293"}],"up":[{"embeddable":true,"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/pages\/14"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/media\/301"}],"wp:attachment":[{"href":"https:\/\/newvanguardia.nearzone.com\/wordpress\/wp-json\/wp\/v2\/media?parent=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Income (\u2133)<\/th> Tax rate (%)<\/th><\/tr><\/thead> 499,999 and below<\/td> 0<\/td><\/tr> 500,000 to 1,099,999<\/td> 20<\/td><\/tr> 1,100,000 to 1,499,999<\/td> 30<\/td><\/tr> 1,500,000 to 1,999,999<\/td> 35<\/td><\/tr> 2,000,000 and higher<\/td> 45<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Excise tax<\/h4>\n\n\n\n
Property tax<\/h4>\n\n\n\n