sales tax and value added tax are charged on
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Value Added Tax (VAT), also known as Goods and Services Tax (GST), is a consumption tax that is assessed on products at each stage of the production process – from labor and raw materials to the sale of the final product. The VAT is assessed incrementally at each stage of the production process, where value is added.
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Value Added Tax (VAT), also known as Goods and Services Tax (GST), is a consumption tax that is assessed on products at each stage of the production process – from labor and raw materials to the sale of the final product. The VAT is assessed incrementally at each stage of the production process, where value is added.
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