What Is The Difference Between Vat Vs Sales Tax?
June 10, 2022 ⚊ 1 Min read ⚊ Views 79 ⚊ BUSINESS
State governments levy sales taxes on retail purchases of goods or services that are not exempt from taxation. A value-added tax (VAT) is a type of consumption tax levied on goods at each stage of the manufacturing process until they are sold to consumers. Let’s take a closer look at how these two types of indirect taxes function so you can better understand them!
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