VAT
Sales Tax vs Value Added Tax (VAT)
Both Sales Tax and VAT are consumer taxes, which means that they have to be paid whenever one purchases a product that is meant to be consumed or used. However, sales tax is a type of direct tax, while VAT is... |
Service Tax vs Value Added Tax (VAT)
Service Tax is a tax that is levied by the government on any services that are rendered. Value Added Tax (VAT) on the other hand is a tax that is levied by the government for goods that are purchased. However... |