VAT is the tax charged on goods and services that are sold in stores. There is a different type of Vat depending on the legislation that has been set by the regulatory and tax collecting agencies. The Vat is mostly charged on the good that we buy on supermarkets and other major stores. It is… Read more

One of the ways the government earns its revenue to run government projects and paying civil servants is through tax among other ways like fines and grants. Everybody pays taxes through buying goods and services. However, goods and services are exempted from VAT. It’s good to know how VAT rates change over time so that… Read more