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What is VAT with an example 2024?

Benjamin Adams | 2023-05-07 14:46:44 | page views：1337
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Benjamin Wright

Works at Apple, Lives in Cupertino, CA
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.
2023-05-17 14:46:44
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Isabella Patel

QuesHub.com delivers expert answers and knowledge to you.
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.
What are some examples of a value added tax? | Investopedia
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