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Is vat a direct tax or indirect tax?

Updated: 9/19/2023

Wiki User

∙ 13y ago

Best Answer

VAT- Value Added Tax is an indirect tax. It is also easier for the consumer to pay the amount in installments rather than paying a huge amount to the government for the betterment of economy.

You can hire a VAT Tax agent in UAE from Flyingcolour Tax Services to get VAT advise for your business.

emilyrobert273 ∙

Lvl 4

∙ 2y ago

This answer is:

Leone Cormier ∙

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∙ 2y ago

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Wiki User

∙ 13y ago

VAT is indirect tax

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Continue Learning about Accounting

Is VAT direct or indirect?

VAT is an indirect tax as it is based on a tax applied to the manufacture or sale of goods and services. Basically, VAT is mainly added to and paid for by a customer when making a purchase.

List of direct and indirect taxes?

In India... the list of direct and indirect taxes.. is as following.. Direct Tax: Income tax corporation tax property tax inheritence (estate) tax & gift tax Indirect tax: customs duty, central excise duty, service tax, sales tax, value added tax (VAT), securities transaction tax

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Is VAT direct or indirect?

VAT is an indirect tax as it is based on a tax applied to the manufacture or sale of goods and services. Basically, VAT is mainly added to and paid for by a customer when making a purchase.

List of direct and indirect taxes?

In India... the list of direct and indirect taxes.. is as following.. Direct Tax: Income tax corporation tax property tax inheritence (estate) tax & gift tax Indirect tax: customs duty, central excise duty, service tax, sales tax, value added tax (VAT), securities transaction tax

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