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Why there is no VAT tax on loans/interests?
Posted 3+ months ago | 1 answers | 
1 star | Open
Related topics: interest, product, tax, loans, banking
Answer posted by BondStreet 3+ months ago: Value Added Tax (VAT) is not typically applied to loans or the interest charged on these loans because VAT is a consumption tax levied on goods and services that add value. In the case of loans and interest: Non-Good or Service: Loans themselves are not considered goods or services. A loan is ...
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