A consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed The value added tax is imposed throughout the European Community and European Free Trade Association (EFTA) countries and many other trading nations, but not the U.S.
Value Added Tax (VAT)
Search by Category
Latest Articles
- FedEx Just Told You Which Customers It Values Most
- ICC Logistics Services Releases CFO Playbook for Transportation Cost Control
- Carrier diversification: How to reduce dependency on UPS and FedEx without losing control
- New Tariffs on 99% of U.S. Imports: What Shippers Need to Know About Section 301
- The Fuel Index Dropped. Your Surcharge Didn’t.


to receive our FREE white papers: