3 ms·
Lol. No clue what you're talking about eh? VAT is not paid by businesses. It is paid directly by the consumer.
by alangibson 2y ago
Lol. No clue what you're talking about eh? VAT is not paid by businesses. It is paid directly by the consumer.
- JackSlateur 2y agoHere in France, VAT is a tax collected by the business. The myth is that a VAT increase (for instance, 7% => 10%, a couple of years ago) would shrink the business' margins : for 100€ paid by the customer, 93€ used to go to the business before the change, and only 90€ would go after the change. Of course, and this is a massive surprise, all prices increased : the product now costs 110€, with 99€ going to the business and 11€ as VAT So yeah, I'm pretty sure I know how my taxes work. That said, I can only speak about here in France, as I do not know how it works in other countries.