If I have a business that doesn’t make money, can I still buy thing at the price excluding VAT, or does it not work that way?
In: Economics
businesses dont pay VAT, the the consumer pays it.
How can you avoid it if you are an individual?
it depends on your country. In my country there’s a Law that exempts Senior Citizens, PWD, and single parents from VAT.
Many countries would also give tourist a VAT exempt or refund. Also, Duty Free don’t have VAT on them.
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