As with any country, taxes are a major part of life to be dealt with in
Grennia.
The tax and fiscal year in Grennia begin on April 1
and end on March 31.
Below are the tax rates for each type of
tax enforced (as of the 2024-2025 tax year, shown in Grennian dollars.)
Income
Tax: 0% if salary is below $35K, 6% between $35K and $85K, 10% between
$85K and $230K, 14% between $230K and $450K, 15% above $450K
Goods
and Services Tax (GST): 10% on all packaged goods, with a 12% rate on all
imported goods. Note that GST is always included with the price of
the product itself. There is no need to calculate in your head when
paying.
Landlord/Home Ownership Tax: 2% if the home is valued
under $750K and 5% if valued above $750K.
Gambling Tax: 3.5% of
all revenue from casinos or gambling establishments must be taxed.
Health
Tax: 4.5% of a person's income is also taxed to fund healthcare and
dental facilities.
Education Tax: 3% of a person's income
must be paid to fund educational facilities.