What is VAT?

Value Added Tax (VAT) is a form of indirect tax applied to the value added at each stage of production (primary, manufacturing, wholesale and retail), and is levied on almost all business transactions in over 130 countries around the world. VAT is is also referred to as IVA, BTW, TVA, KDV, MOMS, FPA, ALV, AFA, and GST.

Corporations may have VAT reporting obligations and / or VAT recovery opportunities, depending on their structure and tax registration.

Use the menu to the right for more information on VAT recovery and VAT reporting.

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