About this document
Understanding Value Added Tax (VAT) Calculation by Ayra Pelenio is a document available to read on EtoBox.
Value Added Tax (VAT) is applied incrementally at each production stage and ultimately passed on to the final consumer. To prevent double taxation, each producer subtracts the VAT already paid from the VAT due at their stage. The final consumer pays the total VAT accumulated through previous stages, calculated by multiplying the price excluding VAT by the VAT rate.
- Author
- Ayra Pelenio
- Language
- EN