Explain VAT with Example

Our latest Back to Basics video explains what is value-added tax (VAT) and how it works. https://bit.ly/3tp28VN 00:01 – What is VAT? 00:30 – How do value-added taxes work? 02:46 – Why VAT? Watch more of our Back to Basics videos here: https://youtube.com/playlist?list=PLmYAE4wV1YQyRb6H1_XJWY73HJVdR6oBX

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