What is Value Added Tax? – McqOptions

MCQOPTIONS

1.	What is Value Added Tax?
A.	a special tax levied by states on products from other states
B.	Tax on final consumption collected at the level of consumption
C.	An ad valorem tax on domestic final consumption collected at all levels between production and point of final sale
D.	An ad valorem tax on final consumption collected at the manufacturing stage
Answer» D. An ad valorem tax on final consumption collected at the manufacturing stage

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