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Discuss the various forms of VAT
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Discuss the various forms of VAT Related: Definition of Value Added T...
Value-added tax (VAT) is a type of indirect tax levied on goods and services for value added at every point of production or distribution cycle, starting from raw materials and going all the way to the final retail purchase. ... Because the consumer bears the entire tax, VAT is also a consumption tax.For example, if there is a 20% VAT on a product that costs $10, the consumer.
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Discuss the various forms of VAT Related: Definition of Value Added Tax (VAT) - Indirect Tax Laws?
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