How is VAT different from sales tax 2024?
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Studied at the University of São Paulo, Lives in São Paulo, Brazil.
The Value Added Tax is a form of indirect tax that is imposed at different stages of production on goods and services. ... Sales tax, as compared to VAT is the percentage of revenue imposed on the retail sale of goods. Unlike VAT, sales tax is levied on the total value of goods and services purchased.
2023-05-14 14:46:12
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Emma Wright
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The Value Added Tax is a form of indirect tax that is imposed at different stages of production on goods and services. ... Sales tax, as compared to VAT is the percentage of revenue imposed on the retail sale of goods. Unlike VAT, sales tax is levied on the total value of goods and services purchased.