Luxury items, however, may carry a higher VAT rate. While both VAT and sales tax are forms of consumption tax, they’re collected at different points. Sales tax is only collected at the final ...

To reduce that sticker price, use a tax relief form, commonly referred to as a VAT form. Items reduced by 19 percent with a VAT form include vehicle purchases and repairs, clothing, furniture ...

VALUE Added Tax (VAT) registrants owed more than $250,000 can now apply for the payment of outstanding VAT refunds through VAT bonds, the Ministry of Finance announced.

Tax Day is approaching, and soon it will be time to begin assembling forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm you.

In the U.S., consumption tax comes in the form of retail sales tax and excise ... Over 170 countries, including all of Europe, impose a Value-Added Tax, which taxes goods and services at each ...