Value-added tax law

Taxes imposed on the purchase prices of goods and the legislation that governs this activity.

value-added tax statutes
value-added taxation laws
value-added tax laws
value-added taxation law
value-added tax legislation
value-added tax regulation
value-added tax rules

knowledge

cross-sector

Value-added tax law is an essential knowledge of the following occupations:

Business valuer: Business valuers provide valuation assessements of business entities, stock and other securities and intangible assets, in order to assist their clients in strategic decision-making procedures such as mergers and acquisitions, litigation cases, bankruptcy, taxation compliance and general restructuring of the companies.
Tax advisor: Tax advisors use their expertise in tax legislation to provide commercially-focused advisory and consultancy services to a wide range of clients from all economic sectors. They explain complicated tax-related legislation to their clients and assist them in ensuring the most efficient and beneficial payment of taxes by devising tax-efficient strategies. They also inform them of fiscal changes and developments and may specialise in tax strategies concerning mergers or multinational reconstruction for business clients, trust and estate taxes for individual clients etc.
Import export specialist: Import export specialists have and apply deep knowledge of import and export goods including customs clearance and documentation. They declare goods that cross the border, inform customers about customs and give advice concerning disputes related to customs legislation. They prepare the documents needed and make sure they are delivered to customs. They check and process duty and make sure VAT payments are done as applicable.
Market vendor: Market vendors sell products such as fruit, vegetables and household products on organised outdoor or indoor market places. They use sales techniques to recommend their goods to passersby.
Street food vendor: Street food vendors sell food preparations, dishes and products on organised outdoor or indoor market places, or on the streets. They prepare the food in their stalls. Street food vendors use sales techniques to recommend their products to passers-by.

Value-added tax law is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.

Hawker: Hawkers sell goods and services on established routes, street and market locations.
Pricing specialist: Pricing specialists analyse production prices, market trends and competitors in order to establish the right price, taking brand and marketing concepts into consideration.

References

1. Value-added tax law – ESCO