we have a debate about the 12% value added taw here in the Philippines i just to know that wat are the importance of value added tax to us?
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...
VAT taxes everyone including those less well off, regardless of income and wealth.
GST ((goods and services tax) a value-added tax that exists in a number of countries)
The cause is Government Policy.