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you can not take both income tax and VAT into account, because VAT is payed by the retailer really. That would count VAT twice.
by macilacilove 5y ago
you can not take both income tax and VAT into account, because VAT is payed by the retailer really. That would count VAT twice.
- 0xfaded 5y agoThe retailer gets to claim any VAT they pay back from the government. Individuals do pay 60-70% tax (if you include payroll), but it's better to look at the overall taxation rate which is ~50% of GDP.