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What is the value added tax?

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The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the Community. read more

A value-added tax (VAT) is a consumption tax levied on products at every point of sale where value has been added, starting from raw materials and going all the way to final retail purchase. read more

A value-added tax is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. read more

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