If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
The tax charged which is levied on the added value that has resulted from an exchange is known as Value Added Tax (VAT). A VAT is an indirect tax collected by the seller rather than the person who actually bears the cost like consumer. It is different from sales tax because sales tax is charged on the total amount of exchange. Continue reading…
Tags: value added tax, VAT, VAT rate
Loading ...