Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the Difference between VAT and other Taxes...?

user-image
Question added by firozkhan kakkattuchali , accountant , AL LIALI JEWELLERY LLC
Date Posted: 2017/05/25
vaijanti dalvi
by vaijanti dalvi , Accounts and tax Associate , I. Logica Management Consultancy LLC

VAT is indirect tax which is applicable on each stage of suppy of goods and servies. It is different than income tax which is directly charged on salary or income earned of indiviual.

Martin Erasmus
by Martin Erasmus , CFO , Beswick Group

VAT, is imposed on each and every step of production. VAT is also applied on the imports of services and goods. Other tax are only impied on the end user

More Questions Like This