Value Added Tax (VAT) is an indirect tax imposed on all goods and services that are bought and sold by businesses, with a few exceptions. VAT is applied in more than 160 countries around the world as a …

Aug 3, 2025 · Value-added tax (VAT) is a consumption tax levied on goods and services at every stage of the supply chain where value is added, from production to the point of sale. Unlike a sales tax, …

A value-added tax (VAT), goods and services tax (GST), or general consumption tax (GCT) is a consumption tax that is levied on the value added at each stage of a product's production and …

Mar 13, 2025 · VAT is a comprehensive, indirect consumption tax imposed by more than 170 countries on sales or exchanges and imports. In some countries it’s referred to as the “goods and services tax” …

Mar 26, 2026 · Outlining value-added tax (VAT), goods and services tax (GST) and sales tax systems in 153 jurisdictions, the 2026 edition of our annual reference book is now available to download as a pdf.

What is value-added tax (VAT)? A value-added tax (VAT) is a tax on products or services when sellers add value to them. In some countries, VAT is also called a goods and services tax.

A Value-Added Tax (VAT) is a consumption tax assessed on the value added in each production stage of a good or service.