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VAT (Value Added Tax) was first introduced in which country ?

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VAT (Value Added Tax) was first introduced in which country ?

VAT

posted Apr 26, 2017 by Pooja Singh

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Value Added Tax(VAT) is a special type of indirect tax in which a sum of money is levied at a particular stage in the sale of a product or service.

In 1954, the value added tax system was initiated by the then joint director of the tax authority of France, Maurice Laure. VAT came into effect for the first time on 10th April, 1954.
commented Apr 27, 2017 by Pooja Singh

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