About VAT

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally, based on the surplus value, added to the price on the work at each stage of production, which is usually implemented as a destination-based tax, where the tax rate is based on the location of the customer. VATs raise about a fifth of total tax revenues both worldwide and among the members of the Organisation for Economic Co-operation and Development (OECD).As of 2014, 160 of the world's approximately 193 countries employ a VAT, including all OECD members except the United States.

Different countries have different VAT rates, learn more on Value Added Tax Rates By Country.

Click here to see how to calculate VAT. 


Back To Top

Customer Center Purchase Center Help Center

Copyright © 2016-2017 Jusere. All rights reserved.