Value-added tax vat is a direct national tax on the value, Financial Management

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Value-added tax vat is a direct national tax on the value

Value-added tax (VAT) is: a direct national tax on the value added in the production of a good (or service) as it moves through various stages of production an indirect national tax levied on the value added in the production of a good (or service) as it moves through various stages of production the equivalent of imposing a national sales tax b) and c)

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Financial Management: Value-added tax vat is a direct national tax on the value

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