⚖️Taxes, Taxes and more Taxes

In Polygon City, we have 3 types of taxes, Income Tax and Property Tax and Withdrawal Tax.

There is no Polygon Network fee for transactions: Company Purchase, Company Upgrade, Claim from Company Vault and Hospital Donation.

The Polygon Network gas fee will only be applied to Depositing and Withdrawing from city vaults.

Income Tax

Income tax is withheld at the time you claim company profits. Initially, the tax starts at 15% of the profits the company produces, all of this amount will go towards the Polygon City reward pool.

The tax will change according to the pool, that is, there will be times when the tax can be reduced, reaching up to 10%, as well as being increased, reaching a maximum of 20%.

You can reduce the tax percentage when making donations to the City Hospital, the amount of which will be reversed in donations to humanitarian causes, which you can follow in the Hospital menu.

The minimum amount for tax payment is 5% of claimed profits

Check out how the donation system works and the reduction of fees at the Hospital

🏥Hospital

Withdrawal Tax

The withdrawal fee will be fixed at 10%, this amount will be used to pay game expenses.

The entire amount withheld from this tax will be sent to the Maintenance portfolio on the 5th of the month.

Maintenance wallet:

0xEFb4DB4704E3F3c0C35434F3B90C691f3d5a3fAC

Property Tax

Property tax is charged every 30 days from the company's purchase date. Payment will be available 3 days before the payment date expires.

Unlike income tax, property tax is valued at 10% of the total company value represented by the Company value on the company screen. This value is fixed and cannot be reduced.

As you improve your company, this value will adjust to the new Company value.

The entire tax amount will be sent to the Bank's portfolio, from this portfolio, we will distribute them to the appropriate portfolios at 10th of month. Bank wallet: 0xb703245d646dC647906e90CF569c2D8e9b16614B

50% of the amount obtained through this tax will be sent to the Polygon City reward pool.

The other 50% of the amount obtained will go towards operating costs to maintain Polygon City, don't worry, we won't dump the amount on the market.

Find out more about how this value will be managed at:

💹Sustainability Team