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Value Added Tax Laws 2010
The Federal Value Added Tax Act, 2010
1. Short title, extent, and commencement.—
Chapter-I PRELIMINARY
2. Definitions
3. Associated persons
4. Consideration
5. Economic activity
6. Open market price
7. Taxable supply
Chapter-II INTEGRATION...
What is VAT?
Value Added Tax (VAT) is a consumption tax of up to 25% that is levied on both goods and services in most countries around the world. The national tax systems of Europe, Japan, and Australia and others often allow for a refund of VAT to non-resident...
