Taxation in Kiravia: Difference between revisions
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=== Value Added Tax === | === Value Added Tax === | ||
The VAT for Kiravia currently sits at 20% with the base for this tax being made up of various things primarily the movement and sale of goods, services, or property, and construction contracts as well as the import of goods into Kiravia. While the administration | The VAT for Kiravia currently sits at 20% with the base for this tax being made up of various things primarily the movement and sale of goods, services, or property, and construction contracts as well as the import of goods into Kiravia. While the administration of the VAT is handled at the federal level, the revenues from it are split between federal and provincial governments. While the VAT is set nationally, some provinces in Kiravia allow for companies to apply for a reduced VAT rate so long as the company has been operating in the province for at least two (2) years and has generated a certain amount of revenue based on the companies' sector. | ||
=== Excise Tax === | === Excise Tax === | ||