LtDan1d ago

Is VAT more straightforward in Europe than USA?

https://lemmy.zip/post/61547136

Is VAT more straightforward in Europe than USA? - Lemmy.zip

I mean, as a European: have you visited the US and noticed that they don’t even include tax within the price (meaning you’ll pay more at checkout since that’s where it only appears)? It’s ridiculous, most countries include VAT within the price of their goods and services but. At least within the EU, VAT is included within the price making it final without any arithmetic.

Show threadsidebro
For B2B customers, this isn’t the case in Europe, btw. At least not in Sweden.
Mar 28 at 9:40amWeb
Show threadDeebster1d ago
You mean because businesses don’t pay VAT? In that case it makes sense to not include it.
Show threadsidebro1d ago
I mean they do, but they can get it back so it’s not necessarily a cost to them. It does make perfect sense, I agree. Just thought I’d mention it.
Show threadViatorOmnium1d ago
It’s a bit more complex than that. They don’t pay VAT on business inputs (I think the legal wording is something like “goods and services used for making taxable supplies"), but they still pay VAT if the business is the final consumer.