A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and …

Aug 3, 2025 · Value-added tax (VAT) is a consumption tax levied on goods and services at every stage of the supply chain where value is added, from production to the point of sale. Unlike a sales tax, …

VAT (value-added tax) is a type of indirect consumption tax imposed on the value added to goods or services, specifically during different stages of the supply chain, which may include production, …

What is value-added tax (VAT)? A value-added tax (VAT) is a tax on products or services when sellers add value to them. In some countries, VAT is also called a goods and services tax.

Mar 13, 2025 · VAT is a comprehensive, indirect consumption tax imposed by more than 170 countries on sales or exchanges and imports. In some countries it’s referred to as the “goods and services tax” …

VAT imposes a goods and services tax on the value incrementally added at each stage, starting from production and concluding at the final sale to the end consumer. This tax is a fundamental …

The VAT is popular because it raises significant revenue, is relatively easy to administer, and, unlike an income tax, does not reduce the rate of return to household saving and business investment.

Value Added Tax Rates (VAT) By Country This page is for reference purposes only. While updated periodically, it should not be construed as an authoritative list of all applicable VAT rates. Visitors are …

Jun 17, 2025 · Value-added tax (VAT) is a tax on goods and services, not unlike a sales tax but with some major differences. While the U.S. doesn’t levy a VAT, this type of tax exists in many other …

Aug 8, 2024 · Value-added tax (VAT) is a consumption tax applied to goods and services at each stage of the production and distribution process, from the manufacturer to the wholesaler to the retailer, …