Constantly Annoying Tax (CAT)
Constantly Annoying Tax (CAT)
Before the hate begins flooding: we do not consider cats annoying.
CAT will deduct flat 3 % from every transaction in favour of the Government of Hyacinthia. This tax is imposed due to the limitations of the network, on which Hyacinthian Talon was developed. The tax will be redistributed equally on the 28th of each month.
Cats are not annoying and more than welcome in Hyacinthia!
PIT is not a pitfall. It is a flat-progressive taxation, designed to fund the social benefits.Â
<440 Talons: 5%
441...560 Talons: 10%
561..850 Talons: 15%
>850 Talons: 20%
This tax is the simplest, and only is paid in a few cases: if you are registering the transport in Hyacinthia, prolonging your license, or you are completing the one-in-five-years check up.
Your transport is checked for CO2 emission level per kilometer, and the result is divided by 23.84. The new result is the amount of the worth of the transport (in percent) which you shall pay.
10% if you distribute your profits to founders/shareholders/e-residents, 0% if you reinvest them.
Losses in the fiscal quarter, social benefit payouts and CATs may be deducted from the total quarterly profit.