Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Lower capacity countries often struggle to administer the Value Added Tax (VAT) in the extractive industries, partly due to ...

A value-added tax (VAT) is a fee that is assessed against businesses by a government at various points in the production of goods or services—usually any time a product is resold or value is added to ...

The taxation of financial services is one of the most vexing aspects of a Value Added Tax (VAT). Conceptually, VAT should apply to any fee for service but where financial services are concerned there ...

More countries are adopting the VAT, and its contribution to global revenue is rising Two thousand years ago when the emperors of China began building a great wall to defend their domain from fearsome ...

Here's how value-added tax works, what it is and how you can get a VAT refund if you shop while traveling. Many, or all, of the products featured on this page are from our advertising partners who ...

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the minority, ...

In discussions about changing the U.S. tax system, one topic almost always arises: the possibility of adopting a value-added tax. After all, most of the industrialized world uses a VAT—which is not to ...

BEIJING, Dec 25 (Reuters) - China approved a value-added tax law on Wednesday to take effect on Jan. 1, 2026, the official Xinhua said, bringing into one document previous regulations that have ...