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Value Added Tax

Value added tax, or VAT, is a tax that is levied on the value added to goods or services at each stage of production and distribution. VAT is typically calculated as a percentage of the sale price and is collected by the seller at the time of the sale. Continue Reading Below

    Related Topics

    • Asset Taxes
    • Business Taxes
    • Capital Gains Tax
    • Consumption Taxes
    • Estate Tax
    • Gift Tax
    • Import Duty
    • Income Taxes
    • Indirect Taxes
    • Inheritance Taxes