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What is VAT with an example 2024?
Questioner：Julian Kim 2023-05-07 14:46:44
The most authoritative answer in 2024
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Zoe Walker——Studied at the University of Melbourne, Lives in Melbourne, Australia.
A: A value-added tax (VAT) is a consumption tax levied on products at every point of sale where value has been added, starting from raw materials and going all the way to final retail purchase. ... Every seller in the production chain charges a VAT tax to the buyer, which it then remits to the government.read more >>+119962023-05-14 14:46:44
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