A report on Tax, Value-added tax and Indirect tax
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.
- Value-added taxAn indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased.
- Indirect taxTaxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.
- TaxSince governments also resolve commercial disputes, especially in countries with common law, similar arguments are sometimes used to justify a sales tax or value added tax.
- TaxLike other countries' sales and VAT, it is an indirect tax.
- Value-added tax1 related topic with Alpha
Sales tax
0 linksA sales tax is a tax paid to a governing body for the sales of certain goods and services.
A value-added tax (VAT) collected on goods and services is related to a sales tax.
Turnover tax, similar to a sales tax, but applied to intermediate and possibly capital goods as an indirect tax.