Browsing: meaning of VAT

VAT is a government tax that you pay on the value of the goods and services you purchase. It’s also called sales tax, value-added tax (VAT), or consumption tax.

Finance

What is value added tax (VAT)?

By Eliott Berthold

Value Added Tax, or VAT, is a government tax that you pay on the value of the goods and services you purchase. It’s also called sales tax, value-added tax (VAT), or a consumption tax.