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VALUE ADDED TAX (VAT) – SNA

Statistics Directorate    
French Equivalent: Taxe sur la valeur ajoutée (TVA) - SCN

Definition:
A value added tax (VAT) is a tax on products collected in stages by enterprises; it is a wide- ranging tax usually designed to cover most or all goods and services but producers are obliged to pay to government only the difference between the VAT on their sales and the VAT on their purchases for intermediate consumption or capital formation, while VAT is not usually charged on sales to non- residents (i.e. exports).

Source Publication:
SNA 6.207 and 6.208 [15.47].

Cross References:
Deductible VAT
Non-deductible VAT
Value added tax (VAT) – ESA

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Version Indicator: SNA

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, November 19, 2001