What does the acronym VAT represent?

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asked Oct 26, 2024 226k views

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Gordon Westerman · Answer 1 · 2024-10-31T22:25:59+0000

Answer:

Value-Added Tax

Explanation:

Value-added tax (VAT) is a consumption tax on goods and services that is levied at each stage of the supply chain where value is added, from initial production to the point of sale.

What does the acronym VAT represent?

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What does the acronym VAT represent?