Minister of the Treasury

GIRISH Blessland, Emperor and Autocrat of Blessland

 

DEPARTMENT OF TREASURY

 

Description of Department

The Department of Treasury of the Empire of Blessland is one of the most important Department’s in the Empire and its primary function is to oversee responsible for the collection of fees, payment of citizens pensions and wages and the planning and carrying out administration of the Imperial Budget. Part of this responsibility is. The Department of Treasury ensures that each Government Department also receives appropriate funding as per the Budget, and to does not exceed spending limitations.

This Department of Treasury has the added task of being is a central policy agency and is expected required to analyse the economy of the Empire, and to predict detect fluctuations and potential issues and is then expected to adjust policies accordingly.

Besides financial collection the Department is also tasked with ensuring economic development of the Empire, this is primarily done through government investment and development of commerce. The Department manages and maintains the Imperial Bank of Blessland as an Agency of the Department. The Bank’s primary function is to allow payments between Citizens and businesses, besides this, the Bank also helps to stabilise the value of the Imperial Florin by ensuring current circulating Florin’s do not exceed the prescribed limit of 1,000,000f.

Contact the Department of Treasury via email: BlesslandDOT@gmail.com

 

CURRENT FISCAL/ECONOMIC POLICY

As at 21 August 2021

Financial Year 2020/2021 saw a GDP increase from $7,911.87 to $10,336.45. GDP capita saw a decrease from $282.56 to a low of $129, a decline of some 50%. Blessland’s National Population increased from 33 to 80 Citizens during 17 August 2020 – 21 August 2021.

GDP goals were achieved during Financial Year 2020/2021, the collapse of GDP per capita was an unplanned for situation, policies for Financial Year 2021/2022 are being targeted towards repairing the decline of GDP per capita, and ensuring the Empire can continue to fund its expansion and development. Financial support from the Citizens is a necessary must.

In Financial Year 2021/2022:

  • Silver reserves must be expanded by 200oz or $5,000AUD (whichever is fulfilled first).
  • The Voluntary Taxation Program needs 5 new subscribers to support the Empire’s continued expansion.
  • National Merchandise Items should see sales of $50AUD.
  • Continue unemployment reduction. Strict goals cannot be applied. Previous Financial Year showed reduction in unemployment, and large expansions in Citizen numbers and positions available.
  • Imperial Florin:
    • Silver expansion must be achieved, additional Imperial Florins are required for circulation and per capita recovery.
    • Release another 150,000 digital Imperial Florins.
    • Release another 15,000 printed Imperial Florins.
    • Produce a limited (25) Commemorative Imperial Florin Coin.

 

VOLUNTARY TAXATION PROGRAM

Use PayPal To Subscribe to VTP, Click Here.The Voluntary Taxation Program, was implemented by the Emperor and Autocrat, as a voluntary contribution system monetized by the Citizens, starting from 6 July 2019. The Scheme was implemented to provide the Nation a stable and regular source of income, that could be directly used to benefit and advance the Empire. The Program is not enforced onto any Citizen, but instead, Citizens can freely ‘Subscribe’ to and ‘Unsubscribe’ from the Scheme.

  • Citizens who want to Subscribe to the Program, can use the PayPal button above to Subscribe to the Voluntary Taxation Program. A payment will automatically be taken every 12 months, until ceased by the Citizen.

The Voluntary Taxation Program has so far supported:

  • Production of Passports – Achieved in June 2020.
  • Production of Stamps – Achieved in April 2020.
  • Production of Postcards – Achieved in May 2020.
  • Production of Lapel Pins – Achieved November 2020.

The Voluntary Taxation Program is supporting:

  • The foundation of the Blesslandian Space Agency in our UK, State of Salop: Purchasing of licencing, and a rocket.

The Voluntary Taxation Program will support:

  • Purchase of Silver Bullion (Necessary for currency expansion)
  • Expanding the Greenery Initiative
  • Towards the creation of a Blesslandian Monument
  • University capacity expansion

 

Terms and Conditions

As set out in Imperial Decree XXII – On Imperial Development Scheme (Voluntary Taxation Program)

  • Starting on 13 January 2021 the annual rate for the VTP will be $15AUD.
  • Citizens who join the Scheme will pay the VTP on the day and then 12 months following on the same date. A Citizen may opt out of the Voluntary Taxation Program the following payment.
  • Citizens will have 60 days to pay the Scheme in full or face criminal charges under the Blessland Criminal Law Code.

 

BUSINESS REVENUE REPORT FORM

Business Revenue Report FormReporting of Incomes and Charging Times:

  • Businesses’ will be required to report on incomes earned for the previous 12 months by 1 July per annum or potentially become subject to penalties.
  • The Business Contribution Fee and Business Registration Fee is determined on these reported incomes.
  • Invoices for both Fees will be issued by 1 August annually. Businesses have 30 days from issuing to pay the Invoice risk revocation of the Business Registration, and/or other additional penalties.

 

ANNUAL BUDGET AND TAXATION POLICIES

In accordance with the Constitution of the Empire of Blessland, every year the Department of Treasury will release a budget and report for the previous and next financial year. The Constitution establishes that the annual budget is not allowed to exceed the income or expenses of the previous financial year, to ensure the Imperial Government does not go into debt and to ensure a stable and healthy economy.

The Financial Year in the Empire of Blessland runs from July to June annually.

The Imperial Government is required to release budgets and reports for the Imperial Florin and the Australian Dollar – both which are official currencies.

As part of current financial practises in Blessland the Emperor and Autocrat and the Department of Treasury will negotiate the following to be included as part of the budget for the next financial year:

  • Increase/decrease of current taxes or introduction of new taxes
  • Increase/decrease in Department or Government expenses
  • New Financial Policy
  • New Economic Policy

Imperial Budget and Report for the Financial Year 2020/2021 and 2021/2022

Imperial Budget and Report for the Financial Year 2019/2020 and 2020/2021

Imperial Budget and Report for the Financial Year 2018/2019 and 2019/ 2020

 

Business Registration Definitions and Reporting Times

 

Business Registration and Contribution Fees and Business Scale of Charges

In accordance with Imperial Decree LI – On Imperial Budget 2020 – 2021 and Taxation Reform    

Changes to Business Registration Fees:

Registration Fees will be charged in the following manner:

Business Scale of Charges:

This scale determines the rate of Fees for both the Business Contribution Fee and Business Registration Fee. Both the Business Contribution and Registration Fees are enforceable regardless of profit or loss as the Fees are calculated based on income. (See Purview for details if a company earns less than $50AUD or 100f in a financial year).

Only Imperial Florins can be used for payment of the Business Contribution Fee. Business Registration Fees must be paid using AUD or Imperial Florin if the Business is Registered as a LCRB.

Blessland Citizen Registered Company

Blessland Foreign Registered Company

 

Personal Income Tax

In accordance with Imperial Decree LI – On Imperial Budget 2020 – 2021 and Taxation Reform

  • As of 1 July 2020, Blessland will cease the collection of personal incomes taxes. All personal incomes taxes from Citizens between 19 April 2019 and 1 July 2020 will be refunded by the Department of Treasury, this is due to the very insignificant amount of personal income taxes collected but also for the sake of simplicity.

 

Financial Investment Fee

In accordance with Imperial Decree LI – On Imperial Budget 2020 – 2021 and Taxation Reform

  • This Fee is charged at the rate of 7.5%. The fee will be collected on:
    • All Dividends and distributions received and on sale of an investment, if the investment sold returns a profit of equal or greater than 5% of the amount invested.
  • This fee will be charged only to clients of Blessland Investment Corporation.

 

NATIONAL WAGES

Imperial Decree XLII established the idea of National Wages, both National Minimums and National Caps.

The idea of a National Minimum is to ensure that every Citizens has a guaranteed income to ensure they are able to support themselves within the jurisdiction of the Empire. Ensuring that there is equality between workers.

Constitutionally it is a established Human Right that Citizens are able to afford basic necessities, such as food, water, internet, housing and the like. Therefore it was imperative that a worth National Minimum was established so as to honour this Right. In order to keep up with inflation and presumed increases in costs and services, the Imperial Decree establishes that the National Minimum will increase annually by 3% starting on 1 July 2021.

The idea of a National Cap is to ensure that no one is paid too highly and to ensure a reasonable limit on income so as to prevent income disparity and unequal conditions.

Blessland strives to prevent the rampant corruption and money hoarding which has taken place in modern countries, from a truly unequal and disproportionate capitalistic system which has only been to the benefit of the owners of large corporations.

As with the National Minimum the National Cap is set to rise 3% per annum starting on 1 July 2021 so as to ensure the cap can keep up with increasing costs and inflation.

 

National Wages As Outlined In Imperial Decree XLII (Updated in Imperial Decree LI)

  1. It is therefore now established that every Citizen regardless of industry, sector or gender to be paid a minimum of at least 10,000f per annum, with the expectation that this value will increase based on that persons relevant qualifications, education and merit but not exceed the established cap amount of 17,000f per annum.
  2. The Empire also hereby established that the NMW and NWC will increase by 2% per annum starting on 1 July annually with the first increase taking place on 1 July 2021:
    1. The annual increase will be revised every 5 years in order to ensure it is able to keep up with inflation and increasing costs.
    1. The Imperial Government has the power to increase/decrease the NMW and NWC by any amount, (this also includes the annual increase), during the year and the mandated annual increase will still occur on 1 July as per this decree.

National Wage as at 1 July 2021: Minimum – 10,200f, Maximum – 17,340f.

Particulars

  1. Private/public/government businesses/organisations in the Empire who conduct business with the Australian Dollar and/or the Imperial Florin are still expected to pay a wage relevant to the value of the Imperial Florin in accordance and outlined with the values in this decree.
  2. The Department of Treasury (“DOT”) will be expected to pay government employees in accordance with this decree. The DOT does not have the right or privilege to pay employees below the established minimum.
  3. The DOT will issue letters annually 7 days before 1 July informing Government workers of the annual wage increase and the amount their pay will increase to.
  4. Private/public/government businesses/organisations will issue letters annually before 1 July informing workers of the annual wage increase and the amount their pay will increase to.

Exemptions

  1. Empire Holdings and Investments (now Blessland Investment Corporation) and Blessland Law and Associates are both exempted from this law until such a time they have an annual turn over of at least $50AUD or 15,000f, which ever comes first:
    1. This exemption will expire on 1 July 2021.

 

NATIONAL PENSION

Once a Citizen reaches the age of 70 it is generally expected that they will retire. Retirement is optional and is not forced.

The National Pension is established at the National Minimum Wage so as to ensure the same provisions for a retired worker as they had during employment. The National Pension is set to increase annually at 2% starting 1 July 2021.

While slightly less than the National Wage increases, it is still high enough to ensure that a retired Citizen can afford basic necessities.

 

National Pension As Outlined In Imperial Decree XLII (Updated in Imperial Decree LI)

    1. Retirement is not compulsory and Citizens may choose to continue to work for as long as they please:
      1. If a Citizen is ready to retire they must submit a letter confirming intent to retire to both the Department of Treasury and Internal Affairs, the letter must be cited by a lawyer. If a Citizen is not ready to retire a letter stating the same still needs to be submitted.
  2. The Empire established a National Pension which will be paid to those who are 70 years or above and have retired. If a Citizen has retired and is on the pension, chooses to go back to work, they will lose the pension until such a time they have retired again:
    1. The National Pension will be 10,000f per annum and will increase by 2% per annum starting on 1 July annually with the first increase taking place on 1 July 2021.
    1. The Imperial Government has the power to increase/decrease the National Pension by any amount, (this also includes the annual increase), during the year and the mandated annual increase will still occur on 1 July as per this decree.

National Pension as at 1 July 2021: 10,200f

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Commissioner for Commercial Affairs

Position Vacant – Apply Here

 

AGENCY FOR COMMERCIAL AFFAIRS

The Commission for Commercial Affairs was founded under Imperial Decree LIV and is primarily charged with ensuring the corporate and overall health of the economy of Blessland.

The primary goal of the Commission is to establish policies for employee and employer rights to ensure that everyone is treated fairly and equally at work and that business owners aren’t taking advantage of their workers.

The Commission will investigate cases of:

The Agency of Commercial Affairs has the power to press charges against any registered company of Blessland, and to bring said charges before the Supreme Court of Blessland for trial and judgement