Unlike traditional VAT, which is applied as a percentage of the final sale price of goods or services, the 2.5% tax introduced by Prime Minister Pierre compounds on top of other taxes such as VAT. Tax Scenario #1: Item costs $100.00 with 15% VAT the total cost would be $115.00 Tax Scenario #2: Item costs $100.00 + 12.5% VAT brings…
by Content Manager