Value Added Tax (VAT)

🔓Understand what Value Added Tax or VAT is.

Value Added Tax (VAT) is a consumption tax assessed incrementally on the value added to goods and services at each stage of the production and distribution chain.

In international trade, import VAT is charged by customs authorities at the border alongside duties upon importation into a jurisdiction (such as the UK or EU), calculated on the customs value plus applicable duties, levies, and incidental transport costs.

Identify. Understand. Act. Build Expertise.