Question

1. What is VAT?
2. What is the difference between VAT and sales tax?​

Answer 1

Answer:

A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.

The Value Added Tax (VAT) and Sales Tax both are consumer tax, which means that both have to be paid after purchase of a product. VAT is an indirect tax while sales tax is a direct tax. At the different stages of goods production and services VAT is levied. ... Sales tax is paid by end consumers on their consumption.

Answer 2

Answer:

This is your answer dood