A value-added tax can catch some travelers off guard and getting a VAT refund takes patience and persistence. But if you're eyeing a big-ticket purchase while traveling, it can be worth the effort.

What Is a Value-Added Tax? By Motley Fool Staff – Updated Nov 18, 2024 at 1:27PM Key Points ...

The Allure of the Value-Added Tax Liam Ebrill, Michael Keen, Jean-Paul Bodin, and Victoria Summers The VAT began life in the more developed countries of Europe and Latin America but, over the past 25 ...

Globally, value-added taxes amount to 20 percent or more of total tax revenue in 21 of the 37 Organization for Economic Cooperation and Development countries that operate a VAT.

A surge in value-added taxes fueled an increase in tax revenue collected by countries in Asia and the Pacific, according to an OECD report.

Accordingly, an 18% VAT will be levied on these services, effective from October 1. The government's plan to tax individuals ...