a vat is usually a flat tax. for vat purposes, an importer is assumed to have contributed % of the value of a product imported from outside of the vat zone. the importer incurs vat on the entire value of the product, and this cannot be refunded, even if the foreign manufacturer paid other forms of income...
a vat is usually a flat tax. for vat purposes, an importer is assumed to have contributed % of the value of a product imported from outside of the vat zone. the importer incurs vat on the entire value of the product, and this cannot be refunded, even if the foreign manufacturer paid other forms of income...
a vat is usually a flat tax. for vat purposes, an importer is assumed to have contributed % of the value of a product imported from outside of the vat zone. the importer incurs vat on the entire value of the product, and this cannot be refunded, even if the foreign manufacturer paid other forms of income...