Value Added Tax (VAT) is a tax imposed incrementally based on the increase in the value of a product or service at each stage of production or distribution.<\/p>\n
VAT mainly offsets the common services and infrastructure provided in a particular area by a country and funded by its taxpayers that were used in the preparation of that product or service. Not all regions require the imposition of VAT and goods and services may be exempt for export (duty-free). VAT is usually applied as a destination-based tax where the tax rate is based on the location of the consumer and is applied to the selling price. Confusingly, the terms value-added tax, goods and services tax, consumption tax, and sales tax are sometimes used interchangeably. The value-added tax raises about a fifth of all tax revenues globally and among OECD members. As of 2018, 166 of the world’s 193 countries use VAT, including all OECD members except the United States, which uses the sales tax system instead.<\/p>","protected":false},"featured_media":197,"parent":0,"menu_order":9,"template":"","services_cat":[6],"class_list":["post-184","services","type-services","status-publish","has-post-thumbnail","hentry","services_cat-6"],"acf":[],"_links":{"self":[{"href":"https:\/\/ehabsaggaf.com.sa\/en\/wp-json\/wp\/v2\/services\/184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ehabsaggaf.com.sa\/en\/wp-json\/wp\/v2\/services"}],"about":[{"href":"https:\/\/ehabsaggaf.com.sa\/en\/wp-json\/wp\/v2\/types\/services"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ehabsaggaf.com.sa\/en\/wp-json\/wp\/v2\/media\/197"}],"wp:attachment":[{"href":"https:\/\/ehabsaggaf.com.sa\/en\/wp-json\/wp\/v2\/media?parent=184"}],"wp:term":[{"taxonomy":"services_cat","embeddable":true,"href":"https:\/\/ehabsaggaf.com.sa\/en\/wp-json\/wp\/v2\/services_cat?post=184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}