Tax: Difference between revisions

Line 50:

Sales tax is paid on market transactions. It becomes due once an item has been sold, and is paid by the seller. It is automatically deducted from the sale price before the ISK goes into the seller's wallet. It will be recorded in the player's wallet as "Transaction Tax". Sales tax is paid in addition to any [[Trade_101:_Introduction_to_Trading#How_sales_tax_and_brokers_fee_interact|brokers fees]].

The base sales tax rate is 5%, but this can be reduced to 2.25% with {{sk|Accounting|V}}.

The base sales tax rate is 8%, but this can be reduced to 3.6% with {{sk|Accounting|V}}.

It is important for [[Trade|traders]] to bear sales tax in mind, because it will be taken automatically and therefore reduce their profits. If a trader is dealing with low-margin items they will need to take sales tax into account to avoid trading at a loss.

Line 58:

[[File:Contractitemexchange.png|32px]]Broker fee is the second tax that is paid on all market transactions. This fee is paid when market sell or buy order is created with duration longer than "immediate". The fee is not returned if the market order is taken down or expires.

In NPC stations broker fee starts at 5% and is reduced by {{sk|Broker Relations}} skill, the standing towards station owner faction and the standing towards station owner corporation.

In NPC stations broker fee starts at 3% and is reduced by {{sk|Broker Relations}} skill, the standing towards station owner faction and the standing towards station owner corporation.

The equation for NPC broker fees is<ref name="brokerfee">[https://support.eveonline.com/hc/en-us/articles/203218962-Broker-Fee-and-Sales-Tax Helpdesk: Broker Fee and Sales Tax]</ref>

:<math> \text{Broker fee} = 5\% - 0.3\% \times \text{Broker relations level} - 0.03\% \times \text{Faction standing} - 0.02\% \times \text{Corporation standing} </math>

:<math> \text{Broker fee} = 3\% - 0.3\% \times \text{Broker relations level} - 0.03\% \times \text{Faction standing} - 0.02\% \times \text{Corporation standing} </math>

Important to note is that the broker fee is based on unmodified standings and does not take any standing skills into account.

@@ Line 50: / Line 50: @@
 Sales tax is paid on market transactions. It becomes due once an item has been sold, and is paid by the seller. It is automatically deducted from the sale price before the ISK goes into the seller's wallet. It will be recorded in the player's wallet as "Transaction Tax". Sales tax is paid in addition to any [[Trade_101:_Introduction_to_Trading#How_sales_tax_and_brokers_fee_interact|brokers fees]].
-The base sales tax rate is 5%, but this can be reduced to 2.25% with {{sk|Accounting|V}}.
+The base sales tax rate is 8%, but this can be reduced to 3.6% with {{sk|Accounting|V}}.
 It is important for [[Trade|traders]] to bear sales tax in mind, because it will be taken automatically and therefore reduce their profits. If a trader is dealing with low-margin items they will need to take sales tax into account to avoid trading at a loss.
@@ Line 58: / Line 58: @@
 [[File:Contractitemexchange.png|32px]]Broker fee is the second tax that is paid on all market transactions. This fee is paid when market sell or buy order is created with duration longer than "immediate". The fee is not returned if the market order is taken down or expires.
-In NPC stations broker fee starts at 5% and is reduced by {{sk|Broker Relations}} skill, the standing towards station owner faction and the standing towards station owner corporation.
+In NPC stations broker fee starts at 3% and is reduced by {{sk|Broker Relations}} skill, the standing towards station owner faction and the standing towards station owner corporation.
 The equation for NPC broker fees is<ref name="brokerfee">[https://support.eveonline.com/hc/en-us/articles/203218962-Broker-Fee-and-Sales-Tax Helpdesk: Broker Fee and Sales Tax]</ref>
-:<math> \text{Broker fee} = 5\% - 0.3\% \times \text{Broker relations level} - 0.03\% \times \text{Faction standing} - 0.02\% \times \text{Corporation standing} </math>
+:<math> \text{Broker fee} = 3\% - 0.3\% \times \text{Broker relations level} - 0.03\% \times \text{Faction standing} - 0.02\% \times \text{Corporation standing} </math>
 Important to note is that the broker fee is based on unmodified standings and does not take any standing skills into account.