The value-added tax is an example of an indirect tax that is similar to sales taxes.

Name: The value-added tax is an example of an indirect tax that is similar to sales taxes.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

The value-added tax (VAT) is an indirect tax that is levied on the value added at each stage of production or distribution, similar to sales taxes. Both types of taxes are ultimately paid by the consumer as part of the final price of goods or services.

The Value-Added Tax Is an Example of an Indirect Tax