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What you need to understand about Value added Tax.
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[QUOTE="Emmatyking, post: 86891, member: 30207"] To my little knowledge, Value added Tax is commonly expressed as a percentage of the total cost. For example, if a product cost ₦100 and there is a 15% [B]VAT[/B], the consumer pays ₦115 to the merchant. The merchant keeps ₦100 and remits ₦15 to the government [/QUOTE]
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What you need to understand about Value added Tax.
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