Archive for Maj 18th, 2023

6 Differences between VAT and US sales tax

Sales tax exemptions are frequently tied to the purchaser or product use. For instance, many U.S. states exempt purchases by non-profits or goods used in manufacturing or agriculture. Businesses must obtain and retain exemption certificates from eligible customers to substantiate these claims during audits. However, sales tax is a type of direct tax, while VAT [...]

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