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Comment by simne

8 days ago

I'm sorry, but could you provide link, where stated, VATs applied to import?

- As I know, usually VAT deducted from exported goods, but I really don't know how VAT work with import - usually on import used tariffs.

11 comments

simne

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g-b-r  8 days ago

The VAT is applied at the time of sale to the end consumer, it's irrelevant if the product is imported or manufactured locally.

  • xp84  8 days ago

    So strange to take VAT into account when it's not discriminating between local or import. By that logic the US has a 5-10% tariff on everything too since we have sales tax in like 47 states.

    • bitshiftfaced  7 days ago

      The thinking may be that the asymmetry in taxes itself cause a trade imbalance. What can the country do with the extra tax money they receive compared to the lower tax country? They can spend it to fund infrastructure, goods, and jobs inside their own borders.

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