Value-added Tax

Value-added tax (VAT) is a consumption tax that is added to the price of goods and services. In aviation context, VAT is applied to the purchase of aircraft, parts, and maintenance services. VAT is a tax on the value added to a product or service at each stage of production or distribution. In the aviation industry, VAT is typically charged on the purchase of aircraft, parts, and maintenance services. The rate of VAT varies by country and can range from 0% to over 20%. VAT is an important source of revenue for governments and is used to fund public services and infrastructure projects.

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Value-added Tax

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