Value added tax
The tax on consumption that the business collects and passes on. For the business itself a pass-through — provided it may deduct input tax.
More terms under VAT and customs: Acquisition tax Customs declaration Effective method Exempt supplies Flat-rate VAT method Input tax Margin taxation Non-consideration Own use Place-of-recipient rule Reduction of consideration Takeaway 2.6 vs. eat-in 8.1 VAT 3.8 % accommodation VAT 8.1 / 2.6 / 3.8 % VAT liability