VAT

Sales Tax vs Value Added Tax (VAT)

Sales Tax vs Value Added Tax (VAT)
Both Sales Tax and VAT are consumer taxes, which means that they have to be paid whenever one purchases a product that is meant to be consumed or used. However, sales tax is a type of direct tax, while VAT is...

Service Tax vs Value Added Tax (VAT)

Service Tax vs Value Added Tax (VAT)
Service Tax is a tax that is levied by the government on any services that are rendered. Value Added Tax (VAT) on the other hand is a tax that is levied by the government for goods that are purchased. However...

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