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What is VAT With an Example in Law – Lawkidunya

As per Lawkidunya, there are many examples of VAT in law and A value added tax (VAT) is a tax that is collected at each stage in the production and distribution of goods and services, as value to the goods is added. As a business adds value to a product (for example, packaging a product) the business must pay VAT on the added value (the value of the packaging).

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