| Property | Value |
|---|
| rdfs:label | - Value Added Tax
- Value added tax
|
| rdfs:comment | - A value added tax (VAT) is a broad-based consumption tax. It is a tax levied at all levels of production on the difference between a business’s sales of goods and services to consumers or other businesses and its purchases of goods and services. Thus, businesses pay tax on the value they add to the goods and services they purchase from other businesses. All types of businesses, not just retail businesses, are subject to the tax, and sales to both consumers and other businesses are taxable.
- Value added tax (VAT) is a tax levied on the value added which results after each exchange of the goods. It differs from the Sales tax as in the Sales tax, tax is levied on the total value of the exchange of goods. Thus, if you sell an article worth 100 $, tax is collected on 100 $. Now, if the buyer again sells the article for 110 $, tax is collected on 110 $. On the other hand, if the rate applicable is VAT, the tax is collected on 10 $ only, that is the additional value added.
- Value added tax is sort of like sales tax on everything. This is a system of taxation that the rest of the world uses because they are not good enough to use THE Income Tax. This tax is computed by taking sales tax on sales tax. That is like gay sales tax sex. We should all know that that is just wrong. Also because it is computed at over 10% it increases the cost of good of up to 100% in quantities less then 10. So, nation let us remember
|
| dcterms:subject | |
| dbkwik:wikiality/property/wikiPageUsesTemplate | |
| dbkwik:finance/property/wikiPageUsesTemplate | |
| abstract | - A value added tax (VAT) is a broad-based consumption tax. It is a tax levied at all levels of production on the difference between a business’s sales of goods and services to consumers or other businesses and its purchases of goods and services. Thus, businesses pay tax on the value they add to the goods and services they purchase from other businesses. All types of businesses, not just retail businesses, are subject to the tax, and sales to both consumers and other businesses are taxable.
- Value added tax (VAT) is a tax levied on the value added which results after each exchange of the goods. It differs from the Sales tax as in the Sales tax, tax is levied on the total value of the exchange of goods. Thus, if you sell an article worth 100 $, tax is collected on 100 $. Now, if the buyer again sells the article for 110 $, tax is collected on 110 $. On the other hand, if the rate applicable is VAT, the tax is collected on 10 $ only, that is the additional value added.
- Value added tax is sort of like sales tax on everything. This is a system of taxation that the rest of the world uses because they are not good enough to use THE Income Tax. This tax is computed by taking sales tax on sales tax. That is like gay sales tax sex. We should all know that that is just wrong. Also because it is computed at over 10% it increases the cost of good of up to 100% in quantities less then 10. So, nation let us remember
|
