Taxes are a fundamental part of any economy, serving as the primary source of revenue for governments to fund public services and infrastructure. Among the various forms of taxes, Value Added Tax (VAT) and income tax are two of the most significant. Understanding how VAT and tax work, their differences, and their impact on individuals and businesses is crucial for effective financial planning and compliance.

What is VAT (Value Added Tax)?

Value Added Tax (VAT) is a ty... Read More