{"id":253083,"date":"2024-07-02T02:02:37","date_gmt":"2024-07-02T02:02:37","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=253083"},"modified":"2024-07-02T02:02:37","modified_gmt":"2024-07-02T02:02:37","slug":"what-is-the-formula-of-value-added-tax","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/","title":{"rendered":"What is the formula of value-added tax?"},"content":{"rendered":"<p>Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and distribution. It is levied as a percentage of the price and is collected by businesses on behalf of the government. But what exactly is the formula of value-added tax? Let&#8217;s dive into it!<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#The_Formula_of_Value-Added_Tax\" title=\"The Formula of Value-Added Tax\">The Formula of Value-Added Tax<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#FAQs_about_Value-Added_Tax\" title=\"FAQs about Value-Added Tax\">FAQs about Value-Added Tax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#1_What_does_net_value_added_mean\" title=\"1. What does net value added mean?\">1. What does net value added mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#2_What_are_inputs_in_the_context_of_value-added_tax\" title=\"2. What are inputs in the context of value-added tax?\">2. What are inputs in the context of value-added tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#3_How_is_the_VAT_rate_determined\" title=\"3. How is the VAT rate determined?\">3. How is the VAT rate determined?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#4_Can_the_VAT_rate_change_over_time\" title=\"4. Can the VAT rate change over time?\">4. Can the VAT rate change over time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#5_Are_all_goods_and_services_subject_to_VAT\" title=\"5. Are all goods and services subject to VAT?\">5. Are all goods and services subject to VAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#6_Who_is_responsible_for_collecting_VAT\" title=\"6. Who is responsible for collecting VAT?\">6. Who is responsible for collecting VAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#7_Is_VAT_only_applicable_to_businesses\" title=\"7. Is VAT only applicable to businesses?\">7. Is VAT only applicable to businesses?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#8_How_is_VAT_different_from_a_sales_tax\" title=\"8. How is VAT different from a sales tax?\">8. How is VAT different from a sales tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#9_Can_businesses_claim_VAT_paid_on_their_purchases_as_input_tax_credits\" title=\"9. Can businesses claim VAT paid on their purchases as input tax credits?\">9. Can businesses claim VAT paid on their purchases as input tax credits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#10_What_is_the_purpose_of_implementing_value-added_tax\" title=\"10. What is the purpose of implementing value-added tax?\">10. What is the purpose of implementing value-added tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#11_Is_VAT_used_globally\" title=\"11. Is VAT used globally?\">11. Is VAT used globally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#12_Does_VAT_affect_the_final_price_of_goods_and_services\" title=\"12. Does VAT affect the final price of goods and services?\">12. Does VAT affect the final price of goods and services?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Formula_of_Value-Added_Tax\"><\/span>The Formula of Value-Added Tax<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The formula for calculating value-added tax is quite straightforward. It involves multiplying the net value added of a business or entity by the prevailing VAT rate. The net value added is calculated by subtracting the cost of inputs (purchases) from the revenue generated from sales. The resulting amount is subjected to VAT, yielding the final tax liability.<\/p>\n<p>**Formula of Value-Added Tax: VAT = Net Value Added x VAT Rate**<\/p>\n<p>To illustrate this formula, let&#8217;s consider a hypothetical example. Suppose a manufacturing company generates $200,000 in revenue from the sale of its products and incurs $150,000 in costs for purchasing raw materials and other inputs. Assuming a VAT rate of 10%, the net value added would be $50,000 ($200,000 &#8211; $150,000). Multiplying this net value added by the VAT rate of 10% gives a VAT liability of $5,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_about_Value-Added_Tax\"><\/span>FAQs about Value-Added Tax<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_What_does_net_value_added_mean\"><\/span>1. What does net value added mean?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNet value added refers to the difference between the revenue generated from sales and the cost of inputs (purchases) incurred to produce those goods or services.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_What_are_inputs_in_the_context_of_value-added_tax\"><\/span>2. What are inputs in the context of value-added tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nInputs, in the context of VAT, encompass any goods or services purchased by a business for use in the production or provision of its own goods or services.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_is_the_VAT_rate_determined\"><\/span>3. How is the VAT rate determined?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe VAT rate is determined by the government and can vary from country to country. It is usually set as a fixed percentage of the net value added.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_the_VAT_rate_change_over_time\"><\/span>4. Can the VAT rate change over time?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, depending on governmental policies and economic conditions, VAT rates can be adjusted periodically.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Are_all_goods_and_services_subject_to_VAT\"><\/span>5. Are all goods and services subject to VAT?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, some goods and services are exempt from VAT or subject to reduced rates, such as basic food items or healthcare services.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Who_is_responsible_for_collecting_VAT\"><\/span>6. Who is responsible for collecting VAT?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBusinesses act as tax collectors on behalf of the government and are responsible for collecting VAT from customers at each stage of the supply chain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Is_VAT_only_applicable_to_businesses\"><\/span>7. Is VAT only applicable to businesses?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, VAT is ultimately paid by end consumers, but businesses are responsible for collecting and remitting the tax to the government.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_How_is_VAT_different_from_a_sales_tax\"><\/span>8. How is VAT different from a sales tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nVAT is different from a sales tax in that it is levied on the value added at each stage of production, whereas a sales tax is imposed only at the final point of sale.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Can_businesses_claim_VAT_paid_on_their_purchases_as_input_tax_credits\"><\/span>9. Can businesses claim VAT paid on their purchases as input tax credits?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn many countries, businesses can claim credits for the VAT they have paid on their purchases. This helps to avoid double taxation and ensures that tax is levied only on the value added.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_What_is_the_purpose_of_implementing_value-added_tax\"><\/span>10. What is the purpose of implementing value-added tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe primary purpose of implementing VAT is to generate tax revenue for governments in a way that is equitable, efficient, and less burdensome compared to other tax systems.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Is_VAT_used_globally\"><\/span>11. Is VAT used globally?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, VAT is widely used around the world, with more than 160 countries implementing some form of VAT or a similar consumption tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Does_VAT_affect_the_final_price_of_goods_and_services\"><\/span>12. Does VAT affect the final price of goods and services?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, VAT is usually included in the final price paid by consumers. The amount of VAT collected at each stage is built into the price of the goods or services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and distribution. It is levied as a percentage of the price and is collected by businesses on behalf of the government. But what exactly is the formula of value-added tax? &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What is the formula of value-added tax?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#more-253083\">Read more<span class=\"screen-reader-text\">What is the formula of value-added tax?<\/span><\/a><\/p>\n","protected":false},"author":64,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-253083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the formula of value-added tax?<\/title>\n<meta name=\"description\" content=\"Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the formula of value-added tax?\" \/>\n<meta property=\"og:description\" content=\"Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synchronyfinancial\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-02T02:02:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2024\/03\/faq.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Cheri Schmidt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synchrony\" \/>\n<meta name=\"twitter:site\" content=\"@synchrony\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cheri Schmidt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/\"},\"author\":{\"name\":\"Cheri Schmidt\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/c76e2cbb558032cc4e544dc3103d3a04\"},\"headline\":\"What is the formula of value-added tax?\",\"datePublished\":\"2024-07-02T02:02:37+00:00\",\"dateModified\":\"2024-07-02T02:02:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/\"},\"wordCount\":604,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"articleSection\":[\"Learn\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/\",\"name\":\"What is the formula of value-added tax?\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\"},\"datePublished\":\"2024-07-02T02:02:37+00:00\",\"dateModified\":\"2024-07-02T02:02:37+00:00\",\"description\":\"Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and\",\"breadcrumb\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/namso-gen.co\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is the formula of value-added tax?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\",\"url\":\"https:\/\/namso-gen.co\/blog\/\",\"name\":\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\",\"description\":\"In Namso gen blog you can get many tips regarding to Credit cards, VCC, Credit card security etc. You can generate credit cards by using Namso-gen.co\",\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/namso-gen.co\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\",\"name\":\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\",\"url\":\"https:\/\/namso-gen.co\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png\",\"contentUrl\":\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png\",\"width\":500,\"height\":164,\"caption\":\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\"},\"image\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/synchronyfinancial\",\"https:\/\/twitter.com\/synchrony\",\"https:\/\/www.youtube.com\/synchronyfinancial\",\"https:\/\/www.instagram.com\/synchrony\",\"https:\/\/www.linkedin.com\/company\/synchrony-financial\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/c76e2cbb558032cc4e544dc3103d3a04\",\"name\":\"Cheri Schmidt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"caption\":\"Cheri Schmidt\"},\"description\":\"Guest author Cheri Schmidt has meticulously crafted and revised this article to the best of their knowledge and understanding. Readers are strongly advised to exercise caution, verify information independently, and rely on their own judgment when considering the information provided. Read more articles on Namso Gen here.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is the formula of value-added tax?","description":"Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/","og_locale":"en_US","og_type":"article","og_title":"What is the formula of value-added tax?","og_description":"Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and","og_url":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/","og_site_name":"Namso Gen Blog - Free Credit Card Generator [100% Valid]","article_publisher":"https:\/\/www.facebook.com\/synchronyfinancial","article_published_time":"2024-07-02T02:02:37+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2024\/03\/faq.png","type":"image\/png"}],"author":"Cheri Schmidt","twitter_card":"summary_large_image","twitter_creator":"@synchrony","twitter_site":"@synchrony","twitter_misc":{"Written by":"Cheri Schmidt","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#article","isPartOf":{"@id":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/"},"author":{"name":"Cheri Schmidt","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/c76e2cbb558032cc4e544dc3103d3a04"},"headline":"What is the formula of value-added tax?","datePublished":"2024-07-02T02:02:37+00:00","dateModified":"2024-07-02T02:02:37+00:00","mainEntityOfPage":{"@id":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/"},"wordCount":604,"commentCount":0,"publisher":{"@id":"https:\/\/namso-gen.co\/blog\/#organization"},"articleSection":["Learn"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/","url":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/","name":"What is the formula of value-added tax?","isPartOf":{"@id":"https:\/\/namso-gen.co\/blog\/#website"},"datePublished":"2024-07-02T02:02:37+00:00","dateModified":"2024-07-02T02:02:37+00:00","description":"Value-added tax (VAT) is a commonly used form of consumption tax imposed on the value added to goods and services at each stage of production and","breadcrumb":{"@id":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/namso-gen.co\/blog\/what-is-the-formula-of-value-added-tax\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/namso-gen.co\/blog\/"},{"@type":"ListItem","position":2,"name":"What is the formula of value-added tax?"}]},{"@type":"WebSite","@id":"https:\/\/namso-gen.co\/blog\/#website","url":"https:\/\/namso-gen.co\/blog\/","name":"Namso Gen Blog - Free Credit Card Generator [100% Valid]","description":"In Namso gen blog you can get many tips regarding to Credit cards, VCC, Credit card security etc. You can generate credit cards by using Namso-gen.co","publisher":{"@id":"https:\/\/namso-gen.co\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/namso-gen.co\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/namso-gen.co\/blog\/#organization","name":"Namso Gen Blog - Free Credit Card Generator [100% Valid]","url":"https:\/\/namso-gen.co\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png","contentUrl":"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png","width":500,"height":164,"caption":"Namso Gen Blog - Free Credit Card Generator [100% Valid]"},"image":{"@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/synchronyfinancial","https:\/\/twitter.com\/synchrony","https:\/\/www.youtube.com\/synchronyfinancial","https:\/\/www.instagram.com\/synchrony","https:\/\/www.linkedin.com\/company\/synchrony-financial"]},{"@type":"Person","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/c76e2cbb558032cc4e544dc3103d3a04","name":"Cheri Schmidt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"Cheri Schmidt"},"description":"Guest author Cheri Schmidt has meticulously crafted and revised this article to the best of their knowledge and understanding. Readers are strongly advised to exercise caution, verify information independently, and rely on their own judgment when considering the information provided. Read more articles on Namso Gen here."}]}},"_links":{"self":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts\/253083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/comments?post=253083"}],"version-history":[{"count":0,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts\/253083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/media\/107420"}],"wp:attachment":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/media?parent=253083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/categories?post=253083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/tags?post=253083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}