About Value Added Tax
Subject: International Business | Topics:

The principle objective of this article is to know about value added tax. A value added tax or general sales tax is a type of expenditure tax. From the viewpoint of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the value added to a product, material or service, from an accounting point of view, by this stage of its manufacture or distribution.

 

 

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