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.

Value-added tax (VAT) is a tax on products or services. Consumers pay the VAT, which is typically a percentage of the sale price. The U.S. does not have a VAT.

Value-added taxes (VAT), which are a type of consumption tax, are major sources of revenue for countries in the Organization for Economic Co-operation and Development (OECD), among other regions.

The value-added tax can pull in billions of dollars with a rate that seems low. Then, a small increase will net a few more billions. No wonder that almost all countries have a VAT.

Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are considered indirect taxes since the ...

A value added tax (VAT) is a form of consumption tax. As a buyer, it is a tax on the purchase price. As a seller, it is a tax on the "value added" to a product, material or service at his/her ...

The value-added tax (VAT) is currently the topic of much conversation in Washington. With growing deficits and mounting government debt, many see it as the only viable alternative to restore ...

A VAT, because it touches every transaction, is just that: The Congressional Research Service estimates that each one percent of a value-added tax would raise $50 billion. That's real money.

Value Added Tax is a consumption tax that is levied on the sale of goods and services. Learn more about what VAT is and how it works in this comprehensive guide.

A value-added tax would not reduce the budget deficit but actually increase it. There is a growing call by backers of bigger government for Congress to impose a value-added tax (VAT) on top of all ...

Section 8(1) of the Value Added Tax Act (VATA) Cap V1 LFN, 2004 as amended in 2007 also requires taxpayers (individuals, enterprises or corporates) to register for VAT.

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.