VatCalculatorOnline

What is VAT?

Value Added Tax (or VAT) is an indirect tax. VAT is one of the most common types of consumption tax found around the world. A business pays the government the tax that it collects from the customers while it may also receive a refund from the government on tax that it has paid to its suppliers. The net result is that tax receipts to government reflect the value add throughout the supply chain.

Faqs | 👁 1232 | Posted October 21, 2018 | Share on Facebook | Twitter | Google+

| Modified: October 21, 2018 | Author: