VAT: Difference between revisions
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== No VAT == __NOEDITSECTION__ | == No VAT == __NOEDITSECTION__ | ||
In the entire game we refrain from any VAT, Value added tax as this is linked very much to [[liquidity]] which we leave out as well. So no worry about this. So consider the revenues and the costs ( | In the entire game we refrain from any VAT, Value added tax as this is linked very much to [[liquidity]] which we leave out as well. So no worry about this. So consider the revenues and the costs (investments) to be without any VAT. | ||
So no VAT to be paid by the customers, nor VAT to be refunded to your hotel. All prices for hotel rooms, banqueting etc.but also on other purchases are considered to be without any VAT-tax. In the simulation, there is also no [[Corporate tax]] to be paid on the total of the [[profit]]. | So no VAT to be paid by the customers, nor VAT to be refunded to your hotel. All prices for hotel rooms, banqueting etc.but also on other purchases are considered to be without any VAT-tax. In the simulation, there is also no [[Corporate tax]] to be paid on the total of the [[profit]]. | ||
<br><hr> | <br><hr> | ||
Revision as of 11:38, 10 May 2018
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No VAT
In the entire game we refrain from any VAT, Value added tax as this is linked very much to liquidity which we leave out as well. So no worry about this. So consider the revenues and the costs (investments) to be without any VAT. So no VAT to be paid by the customers, nor VAT to be refunded to your hotel. All prices for hotel rooms, banqueting etc.but also on other purchases are considered to be without any VAT-tax. In the simulation, there is also no Corporate tax to be paid on the total of the profit.
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