Value Added Tax (VAT) is an indirect tax on the supply of goods and services – and it adds up fast. Rates range from 5% to 27%, increasing your operating costs every time you trade. And because VAT rules vary by country, staying compliant is complex.
VAT goes by many names around the world:
- IVA in Italy
- GST in Canada, Australia and India
- MWST in Germany and Austria
- TVA in France and Belgium
- MOMS in Scandinavia
