alex21032017 alex21032017
  • 17-11-2020
  • Business
contestada

How are the sales tax and the value-added tax similar?

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emmashort30
emmashort30 emmashort30
  • 17-11-2020

                     Hey Emma here!

Answer:

Sales tax is collected by the retailer when the final sale in the supply chain is reached via a sale to the end consumer. ... VAT (Value-Added Tax) is collected by all sellers in each stage of the supply chain. Suppliers, manufacturers, distributors and retailers all collect the value added tax on taxable sales.

Bye Have A Nice Day!

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