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Work Tax

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#1 Hoosvalt



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Posted 15 October 2018 - 04:48 PM

From wiki I know that work tax is calculated from a percentage set by country of average country wage from the previous day. But something doesn't add up in my scenario. I have a holding company in country with 1% tax, and average wage of 578cc, yet I am paying 10.37cc work tax for each company I work in where it should be 5.78cc according to formula. Seems my CS plays a role in this calculation somehow.

How is the Work Tax calculated in case where I have Holding Company in a different country from my citizenship?

#2 Nebojsa P.

Nebojsa P.

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Posted 16 October 2018 - 01:25 AM

As of day 3143, work as manager income tax will be shared between the country where the holding is based and the country of the manager’s citizenship, as follows:
Paid tax: 80%(holding country work tax) + 20%(citizenship work tax).

#3 Hoosvalt



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Posted 16 October 2018 - 06:57 AM

Saw that, but don't quite understand from what amount these percentages are calculated. Can you give an example?



So is it?
((580.85*1%)*80%)+((574,88*5%)*20%) = 10.3956

Close enough.

Edited by Hoosvalt, 16 October 2018 - 07:02 AM.

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