Here's how value-added tax works, what it is and how you can get a VAT refund if you shop while traveling. Many, or all, of the products featured on this page are from our advertising partners who ...
VAT is a consumption tax applied at each production stage, reimbursed from prior stages. Consumers ultimately bear the final VAT cost, impacting lower-income groups ...
The VAT began life in the more developed countries of Europe and Latin America but, over the past 25 years, has been adopted by a vast number of developing and transition countries. A recent IMF study ...
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