What Is Value-Added Tax and How Is It Calculated?

Value-added tax (VAT) is imposed by most countries – not including the U.S. – on the value added to goods or services at each stage of the supply or import chain. As governments around the world expand their tax nets, proactively monitoring and responding to shifting VAT rules, rates, and complex reporting requirements will be a necessary part of international tax planning for U.S. corporations.

Recommended for you

Discover the new generation Bloomberg Tax suite

Our suite of integrated solutions automates tedious work, minimizes risk, and frees up time to do more strategic work.