Lower capacity countries often struggle to administer the Value Added Tax (VAT) in the extractive industries, partly due to the large VAT refunds needs of this capital and export-intensive sector.

Although there are examples within the EU of value-added tax on food being reduced, there is still no clear evidence as to ...

The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess ...

A value added tax (VAT) is a form of consumption tax. As a buyer, it is a tax on the purchase price. As a seller, it is a tax on the "value added" to a product, material or service at his/her ...

Saudi Arabia is tripling its value-added tax (VAT) rate as part of its plan to save $27 billion amid a series of economic crises. VAT will be raised from 5% to 15% from July, finance minister ...

The VAT is an old idea in tax policy that, despite periodic consideration, has not been adopted in the United States. [1] The absence of a VAT makes the United States unique among developed nations.

Value Added Tax is a consumption tax that is levied on the sale of goods and services. Learn more about what VAT is and how it works in this comprehensive guide.

Globally, value-added taxes amount to 20 percent or more of total tax revenue in 21 of the 37 Organization for Economic Cooperation and Development countries that operate a VAT.

Current as of 3 November 2016 Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are ...