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 …

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, …

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” …

VAT (value-added tax) is a type of indirect consumption tax imposed on the value added to goods or services, specifically during different stages of the supply chain, which may include production, …

Jun 17, 2025 · What is value-added tax (VAT)? Example: How does a value-added tax work? Value-added tax (VAT) is a tax on goods and services, not unlike a sales tax but with some major …

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.

VAT imposes a goods and services tax on the value incrementally added at each stage, starting from production and concluding at the final sale to the end consumer. This tax is a fundamental …