Financial Data
Updated 22 Feb 2020


Value-added tax (VAT)

VAT is unavoidable for the small business owner. We give you the ins and outs.


VAT (Value-Added Tax) is an indirect tax based on consumption of goods and services in the economy. Revenue is raised for the government by requiring certain traders or vendors to register and to charge VAT on taxable supplies of goods or services.

 

 

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