What Is Value-Added Tax?

Value can be added to goods and services at various supply chain stages. These stages cover everything from gathering raw materials to shipping the final product (for goods). Value-added tax can be applied at every stage any value is added to the products/services.

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When you are expanding into global markets, one of the first things you need to look into is the tax system. From withholding tax laws for payroll to service taxes, there are several taxation requirements you must fulfill in order to operate in a new country.

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