VAT is a form of government sanction which is imposed on the full export selling price which represents a government action to products introduced from another country. What does VAT represent?
A) Visions and Trust
B) Variable Actions Transcontinental
C) Value added tax
D) Variable annuity tax

Question

Quizplus · Accepted Answer

VAT stands for value added tax, which is a form of tax that is imposed on the value added to a product or service at each stage of its production or distribution. It is typically imposed on the final consumer, but it can also be imposed on imports and exports.

VAT Is a Form of Government Sanction Which Is Imposed