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Why High Court decision on export VAT is important for businesses

The Value Added Tax (VAT) has gained prominence globally as a revenue earner for governments, as they struggle to fully finance national budgets.

VAT is a levy that is charged on consumers of goods and services along the transaction value chain.

For governments, two attractive features of VAT are that it is easy to administer and its reach is broad – for as long as you consume a VATable good or service, government will collect the tax, ideally.

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