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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.