Coverage, Nature, Basis and Rate of Value-Added Tax (VAT)
Value-Added Tax (VAT) Indirect Tax VAT is an indirect tax and the amount of tax may be shifted or passed on to the buyer, transferee or lessee of the goods, properties or services. Sec.4.105-2, RR 16-2005. Nature and Characteristics of VAT VAT is a tax on consumption levied on the sale, barter, exchange or […]