which country first started VAT


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asked Jan 30, 2011 in Economics Questions by anonymous
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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.
answered Jan 30, 2011 by anonymous

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