Taxes Value

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Value Added Tax (or VAT) is an indirect tax imposed on all goods and services that are bought and sold by businesses, with a few exceptions. VAT is applied in more than 160 countries around the world as a reliable source of revenue for state budgets.
VAT is imposed at each stage of the supply chain from the production and distribution to the final sale of the good or service.
The consumer pays the VAT cost on purchased goods and services. Businesses pay the government the VAT collected from their customers’ purchases and refund the VAT they paid to their suppliers
You will have the opportunity to experiment with a VAT calculator to see how much things will cost once the 5% VAT rate is applied in 2018 and understand how VAT interacts with customs duty.
Plus, stay informed and up-to-date through the VAT and customs updates and VAT academy events sections.
This app will surely accelerate your VAT journey and will enable you to get in touch with our VAT and customs experts.


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