213k views
3 votes
How are the sales tax and the value-added tax similar?

User CentAu
by
6.6k points

1 Answer

0 votes

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!

User Justin Jackson
by
5.7k points