Aug 3, 2025 · Value-added tax (VAT) is a consumption tax levied on goods and services at every stage of the supply chain where value is added, from production to the point of sale. Unlike a sales tax, …

A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and …

What is value-added tax (VAT)? A value-added tax (VAT) is a tax on products or services when sellers add value to them. In some countries, VAT is also called a goods and services tax.

Mar 13, 2025 · VAT is a comprehensive, indirect consumption tax imposed by more than 170 countries on sales or exchanges and imports. In some countries it’s referred to as the “goods and services tax” …

Dec 9, 2025 · What is a value-added tax (VAT)? A value-added tax (VAT) is very similar to a traditional sales tax, in that the consumer pays it at the point of purchase. It's typically a percentage of the...

What is a VAT? “Value added” is the difference between business sales and purchase of goods and services from other businesses. It represents the sum of wages, other labor compensation (such as …

Nov 15, 2025 · Key Points VAT is a consumption tax applied at each production stage, reimbursed from prior stages. Consumers ultimately bear the final VAT cost, impacting lower-income groups more.

Aug 8, 2024 · Value-added tax (VAT) is a consumption tax applied to goods and services at each stage of the production and distribution process, from the manufacturer to the wholesaler to the retailer, …

A Value-Added Tax (VAT) is a consumption tax assessed on the value added in each production stage of a good or service.

Aug 1, 2025 · Discover what value-added tax (VAT) is, how it works, and its impact on businesses and consumers. Learn about VAT rates, exemptions, and compliance tips.