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

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About 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.