Value Added Tax (VAT) is a consumption tax applied to the value of goods and services purchased in the European Union and the United Kingdom.
The exact rate varies by country. As the name suggests, VAT is added to the price of a product or service at the time of purchase, and it’s paid directly to the relevant tax authority.
Still need help? Reach out to our Support team and we’ll be happy to help.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article