I saw this graphic online; it’s great for explaining VAT. VAT Stands for Value Added Tax, a tax on Value added. The seller collects the tax, and the buyer pays that tax. The orange part is the VAT ...
The controversy surrounding the proposed adjustment to the formula for sharing the states’ portion of the Value Added Tax (VAT), especially the derivation component, in the tax reform bills submitted ...
This, along with many other online consumption habits, is expected to become a bit more expensive as subscription fees and other digital services are likely to increase when 12% VAT starts applying to ...