Guidance in Dealing with VAT Transactions

December 3, 2016

Share

Within the United States, a retail sales tax is charged to the final consumers or end-users that purchase a product or service. However, in other countries, particularly those belonging to the Organization for Economic Cooperation and Development (OECD), there is a value added tax (VAT). This is a general tax applied to all commercial activities involving the production and distribution of goods and the provision of services. VAT is charged as a percentage of price and is calculated based on…

  Free with Starter Membership!

Join IOFM today as a Free Starter Member to get access to hundreds of Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500