Value-added tax (VAT) is a broad consumption tax assessed on the value added to goods and services as they move … See more

VAT is typically collected at each stage of the production chain and distribution of goods or the provision of services. For U.S. consumers, this may seem like double taxation, but it isn’t. In fact, it’s designed to be a neutra… See more

Just like other indirect taxes and income tax, VAT’s purpose is to raise government revenue. The VAT system was designed to be more direct and less complicated than sales taxes or gross turnover taxes. VAT is easier to tr… See more

VAT requirements vary by country, but usually you need to register to collect and remit VAT in countries where you: 1. Have a permanent establishment; 2. Meet the value-added tax registration threshold; or 3. Engage in … See more

VAT returns are official tax documents used to file VAT. They detail all your organization’s transactions and applicable taxes and calculate what you owe or what will be refunded. Different countries have different VA… See more

Approximately 170 countries use VAT or the similar GST, but the U.S. isn’t one of them. The U.S. is the only major economy to use a retail sales and use tax. Unlike VAT, which is controlled at the federal level, U.S. sales t… See more