What is the difference between sales tax and VAT?
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Studied at the University of Barcelona, Lives in Barcelona, Spain.
Difference between Value Added Tax (VAT) and Sales Tax. Often referred to as the "goods and service tax", the Value Added Tax is distinctly different from the sales tax levied on exchanges. The Value Added Tax is a form of indirect tax that is imposed at different stages of production on goods and services.
2023-05-17 14:52:08
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Lucas Turner
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Difference between Value Added Tax (VAT) and Sales Tax. Often referred to as the "goods and service tax", the Value Added Tax is distinctly different from the sales tax levied on exchanges. The Value Added Tax is a form of indirect tax that is imposed at different stages of production on goods and services.