Consumption tax
Company products, newspapers and books, and invoice payments include a 2% consumption tax. The amount the payer pays doesn't change.
Good to know
- The price (or invoice amount) already includes 2% of the pre-tax price. That is 2/102 of the price (fractions are rounded down).
- Consumption tax is at most 1,500 X per payment.
- Consumption tax is taken from the amount the seller (the company, the author, or the person who sent the invoice) receives. The amount taken goes to the Treasury.
- The 1% fee is separate from consumption tax.
- When order payments are refunded because a company closes down or goes bankrupt, the Treasury returns the full consumption tax part.
Example
When a 1,020 X product sells, the consumption tax is 20 X. The company gets 1,000 X, and 20 X goes to the Treasury.