Basic Company Tax (BCT)

Applicability: Applies to all companies engaged in buying and selling goods.

Obligations: Companies must accurately report their good's costs and pay the corresponding tax rate.

Tax Rates:

• Domestic and Young Trade Directive-compliant foreign companies: 15% of goods cost.
• Other foreign companies: 21% of goods cost.

Environmental Impact Tax (EIT)

Applicability: Applies to industries with significant environmental impacts, such as heavy manufacturing and fossil fuel extraction.

Restrictions: Tax rates vary based on the industry's environmental footprint.

Obligations: Companies must accurately report their emissions and environmental impact and pay the corresponding tax rate.

Exclusions: Small-scale or environmentally friendly businesses may be eligible for exemptions or reduced rates.

Tax Rates: Variable rates depending on the industry's environmental impact.

Full description: Applies to companies based on their carbon emissions and enviromental footprint. Higher rates for industries with significant enviromental impacts, such as heavy manufacturing and fossil fuel extraction.

Technology Advancement Tax (TAT)

Applicability: Applies to profitable technology companies.

Obligations: Tech companies must pay a small percentage tax on their profits.

Exclusions: Startups or small-scale tech companies may be exempt or subject to reduced rates.

Tax Rates: Small percentage tax on profits generated by technology companies.

Full description: A small precentage tax on profits generated by technology companies. Funds collected would be used to support public research institutions, tech incubators and infrastructure improvements like high-speed globalnet access in uderserved areas.

Financial Transactions Tax (FTT)

Applicability: Applies to sales of stocks, bonds, derivatives, and other financial instruments.

Obligations: Traders must pay the tax on applicable transactions.

Exclusions: Long-term investments may be exempt or subject to reduced rates.

Tax Rates: Small tax rate on financial transactions.

Full description: A small tax on the sale of stocks, bonds, derivatives and other financial instruments. Designed to have minimal impact on long-term investors while targeting high-frequency trading. Funds collected would be used to support economic stabilization funds and financial market oversight.

Digital Services Tax (DST)

Applicability: Applies to revenues generated by large multinational digital companies.

Restrictions: Targets digital services such as online advertising, streaming, and e-commerce.

Obligations: Digital companies must accurately report their revenues and pay the corresponding tax.

Exclusions: Small-scale or domestic digital businesses may be exempt.

Tax Rates: Variable rates based on revenue generated by digital services.

Full description: Applies to revenues generated by digital services, such as online advertising, streaming services and e-commerce platforms. The tax would target large, multinational digital companies. Funds collected would be used to support digital infrastructure and public services.

Corporate Social Responsibility Tax (CSRT)

Applicability: Applies to companies engaging in corporate social responsibility activities.

Restrictions: Companies must meet specific CSR criteria to qualify for reduced tax rates.

Obligations: Companies must demonstrate their CSR activities and compliance with criteria to benefit from reduced tax rates.

Exclusions: Companies not engaging in CSR activities may be subject to standard tax rates.

Tax Rates: Reduced rates for companies meeting CSR criteria.

Full description: A tax incentive for companies that engage in corporate social responsibility (CSR) activities, such as community developement, charitable donations and sustainable practices. Companies meeting specific CSR criteria would qualify for reduced tax rates. The tax would encourage businesses to contribute to social and enviromental goals.

Accessible Housing Tax (AHT)

Applicability: Applies to real estate transactions, particularly for high-value properties.

Restrictions: Targets high-value properties; funds allocated for accessible housing construction and renovation.

Obligations: Buyers and sellers of real estate must pay the tax on applicable transactions.

Exclusions: Transactions involving affordable or low-value housing may be exempt.

Tax Rates: Variable rates based on the value of the property transaction.

Full decription: A tax on real estate transactions, particulary for high-value properties. Revenue would fund the construction and renovation of housing to meet accessibility standards. Includes subsidies and grants for individuals and developers to create or modify homes to accomodate seniors and individuals with disabilities.