Understanding Value-Added Tax (VAT): An Essential Guide What Is a Value-Added Tax (VAT)? Value-added tax (VAT) is a consumption tax levied on goods and services at every stage of the supply chain where value is added, from production to the point of
Value-added tax - Wikipedia A value-added tax (VAT), goods and services tax (GST), or general consumption tax (GCT) is a consumption tax that is levied on the value added at each stage of a product's production and distribution VAT is similar to, and is often compared with, a sales tax
VAT - Taxation and Customs Union - European Commission Value Added Tax (VAT) is a consumption tax on the value added to nearly all goods and services bought and sold in and into the European Union VAT is an important own resource for the EU budget