Value-added tax - Wikipedia
网页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 distribution. VAT is similar to, and is often compared with, a sales tax.
What Is Value-Added Tax (VAT)? - Investopedia
网页2024年6月12日 · The term value-added tax (VAT) refers to a consumption tax on goods and services levied at each stage of the supply chain where value is added. As such, a VAT is added from the initial...
Value-Added Tax: Definition, How VAT Refunds Work - NerdWallet
网页2024年6月4日 · 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. Similar to but not exactly...
Value-Added Tax (VAT): What It Is, How It Works - Bankrate
网页2021年12月16日 · Value-added tax (VAT) is the international alternative to U.S. sales tax and is applied to the sale of goods and services in over 160 countries. However, VAT tax is more complex than simple...
Value-added tax: What is VAT and who has to pay it? - Avalara
网页2023年7月31日 · Value-added tax (VAT) is a broad consumption tax assessed on the value added to goods and services as they move through the supply chain. This includes labor and compensation charges, interest payments, and profits as well as materials.
Value-Added Tax (VAT) | Definition, How It Works, and Purpose
网页2023年11月26日 · Purpose of Value-Added Tax (VAT) Revenue Generation. As governments scuttle to fund increasing budgetary demands, VAT emerges as a lucrative revenue source. It's broad-based, applying to a wide range of goods and services. This widespread applicability often results in significant revenue, especially in countries with robust consumption patterns.