What is Value Added Tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Value-added tax

Chapter 2: Tax

Chapter 3: Sales tax

Chapter 4: Goods and services tax (Canada)

Chapter 5: Invoice

Chapter 6: Goods and services tax (Australia)

Chapter 7: Ad valorem tax

Chapter 8: Indirect tax

Chapter 9: Goods and Services Tax (New Zealand)

Chapter 10: Tax-free shopping

Chapter 11: Taxation in Australia

Chapter 12: Goods and Services Tax (Singapore)

Chapter 13: Taxation in Tanzania

Chapter 14: European Union value added tax

Chapter 15: Taxation in Israel

Chapter 16: Goods and Services Tax (Malaysia)

Chapter 17: Taxation in the Philippines

Chapter 18: Value-added tax in the United Kingdom

Chapter 19: Value-added taxation in India

Chapter 20: Goods and Services Tax (India)

Chapter 21: Destination-based cash flow tax

(II) Answering the public top questions about value added tax.

(III) Real world examples for the usage of value added tax in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Value Added Tax.