Ques:- What do you know about VAT?
Asked In :-
SAICA, South Pole Carbon Asset Management, coface, albourne partners, public investment fund (pif), gat, food concepts plc,
Right Answer:
VAT, or Value Added Tax, is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It is charged at each point of sale, and businesses can reclaim the VAT they pay on their purchases, making it ultimately a tax on the final consumer.
VAT, or Value Added Tax, is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It is charged at each point of sale, and businesses can reclaim the VAT they pay on their purchases, making it ultimately a tax on the final consumer.