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Bookmark or Share- Value-added tax - WikipediaA value-added tax ( VAT ), known in some countries as a goods and services tax ( GST ), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer.
- What is VAT? - European Commission - Taxation and Customs UnionWhat is VAT? The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union.
- Value-Added Tax (VAT): Definition, Who Pays - NerdWalletWhat is value-added tax (VAT)? A value-added tax, or VAT, is a tax on products or services when sellers add value to them. In some countries, VAT is called goods and...
- Value-Added Tax (VAT) - InvestopediaUpdated December 21, 2023. Reviewed by. Lea D. Uradu. Fact checked by. Amanda Jackson. Investopedia / Matthew Collins. What Is Value-Added Tax (VAT)? Value-added tax (VAT) is a...
- Value Added Tax (VAT) | Bloomberg TaxValue added tax (VAT) is a comprehensive indirect tax imposed by more than 170 countries on sales or exchanges and imports. It is imposed at every stage in the supply chain, often at rates exceeding 20%, and therefore represents a significant transaction cost. It is a fast-changing tax, with rates, compliance, and enforcement mechanisms in flux.
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