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Value added tax mean?
Value-added tax (VAT) is an indirect tax on the supply of goods and services by a person (called a vendor). It is normally charged at a flat rate, based on the amount paid for the goods or services....
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Is there Value-added tax on services?
probably, or its claimed in expensesYes, VAT applies to both goods and services. Different countries apply the tax in different ways but, in general, most countries will exempt the following types of...
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Disadvantages of value-added tax?
VAT taxes everyone including those less well off, regardless of income and wealth.
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Examples of value-added tax?
GST ((goods and services tax) a value-added tax that exists in a number of countries)
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What is the scope of the value-added tax?
Value Added Tax - a VAT - is a common system of taxation many places. At first it seems similar to, but in reality is very different, to a sales tax. Canada uses one in it's system. There are...