It aims to generate additional government revenue.
The abbreviation VAT stands for Value Added Tax. Value Added Tax is a form of consumption tax and the purpose of VAT is to incentivise the production of critical resources required to sustain an economy.
What is the prospect of value added tax in Nigeria?"
James M. Bickley has written: 'Flat tax proposals' -- subject(s): Flat-rate income tax 'Value-added tax as a new revenue source' -- subject(s): Value-added tax 'A value-added tax contrasted with a national sales tax' -- subject(s): Use tax, Value-added tax
The Reformed Value Added Tax in the Philippines is a consumption tax. The tax is paid on the purchase price. The abbreviation is RVAT.
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Value Added Taxvalue added tariffVAT is the abbreviation for "Value added Tax"-------------------------------------- ------ ----------------------------------------------
Value as in Value Added Tax
Its a tax that you pay with everything you buy, Value Added Tax, generally it is a percentage based on value of import. I have never heard the term apply for a hotel unless it's another kind of tax. Value Added Tax (VAT) is a consumption tax
Value added tax
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It is Value Added Tax.
Value added tax