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Bookmark or Share- Value-Added Tax (VAT) | Definition, How It Works, and PurposeVAT is intricate in its workings, but at its core, it's a multi-stage tax. Businesses collect the tax on behalf of the government: when they buy goods or services, they are charged VAT, and when they sell goods or services, they charge VAT.
- What Is Value-Added Tax (VAT)? - InvestopediaWhat Is a Value-Added Tax (VAT)? The term value-added tax (VAT) refers to a consumption tax on goods and services levied at each stage of the supply chain where value is added. As such, a...
- What Is Value-Added Tax and How Is It Calculated? - Bloomberg TaxVAT is a comprehensive, indirect consumption tax imposed by more than 170 countries on sales or exchanges and imports. In some countries it’s referred to as the “goods and services tax” (GST) and the two terms are broadly interchangeable. VAT is imposed at every stage in the supply chain at rates of up to 27%.
- Value-added tax: What is VAT and who has to pay it? - AvalaraValue-added tax (VAT) is a broad consumption tax assessed on the value added to goods and services as they move through the supply chain. This includes labor and compensation charges, interest payments, and profits as well as materials.
- What Are Some Examples of a Value-Added Tax (VAT)? - InvestopediaUnderstand how a value-added tax (VAT) works, how it differs from a sales tax, and the arguments for and against it.
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