πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      What does 'VAT' stand for in the context of

      taxation?
      A Variable Account Tax Correct Answer Incorrect Answer
      B Venture Added Tax Correct Answer Incorrect Answer
      C Value Added Tax Correct Answer Incorrect Answer
      D Value Administrative Tax Correct Answer Incorrect Answer

      Solution

      VAT, or Value Added Tax, is a consumption tax placed on a product whenever value is added at a stage of production and at the point of retail sale.

      Practice Next

      Relevant for Exams:

      ask-question