Value-added tax (VAT): What it is and how it works
Value-added tax (VAT) is the international alternative to U.S. sales tax.
3 min read
Dec 16, 2021
Cynthia Paez Bowman is former personal finance contributor at Bankrate. She is a finance and business journalist who has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com.
She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
Value-added tax (VAT) is the international alternative to U.S. sales tax.
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