Frequently Asked Questions on VAT

Last updated on 30 January, 2019


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What is a Value Added Tax (VAT)?

Value Added Tax, or VAT as it is commonly known, is a type of tax that is levied on various goods and services. VAT is levied upon a product at every stage of its production process (also known as the supply chain). Registered business owners, rather than the government, collect VAT from the consumers. This makes VAT a type of indirect tax.

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