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A value added tax VAT , known in some countries as a goods and services tax GST , is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution..The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union..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..Information on how to register for, calculate, pay and reclaim VAT, VAT rates, and VAT on property rules..The value added tax VAT is the world s most common form of consumption tax, in place in more than countries, including every economically advanced .Includes online returns, rates, charging and record keeping..List of information about VAT. Reclaiming VAT on a new home. Building a new home and VAT. Charging VAT. Exemption and partial exemption for VAT .Translingual[edit]. Symbol[edit]. VAT. The ISO three letter alpha code for Holy See. English[edit]. Pronunciation[edit]. initialism enPR v” t , IPA .

A value added tax VAT , known in some countries as a goods and services tax GST , is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution. VAT essentially compensates for the shared services and infrastructure provided in a certain locality by a state and funded by its taxpayers that were used in the .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 .

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