What is VAT?
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- What is VAT?
- What is the difference between a price including VAT and a price excluding VAT?
- Why do we have to pay VAT?
- Where does the money from VAT go?
- Why is VAT being reduced on 1 January 2023?
- How long will VAT remain at 16%?
- What will happen when VAT returns to 17%?
- Is there a possibility of a new lower VAT rate?
- The situation at POST
What is VAT?
It stands for value added tax, which is an indirect tax on consumption. It’s considered indirect because it isn’t collected directly by the State, but rather by the vendor, who collects it and then pays it to the State.
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