Value-added Taxes
Value-added taxes (VAT) are taxes that are assessed on the value added to goods and services at each stage of production and distribution. In aviation context, VAT is a tax that is levied on the purchase of goods and services related to aviation, such as aircraft parts, fuel, and maintenance services. VAT is an indirect tax, meaning that it is collected by businesses on behalf of the government and passed on to the consumer. The rate of VAT varies by country and can have a significant impact on the cost of aviation-related goods and services.
Your Previous Searches
Random Picks
- Fixed Landing Gear: Fixed landing gear is a type of landing gear configuration in aircraft that remains permanently extended and fixed in place during flight, takeoff, and landing. This type of landing gear is typically found in smaller aircraft, such as light ... Read More >>
- Commuter Airline: A commuter airline is a regional airline that operates short-haul flights between small towns and cities and/or to larger hub airports. These airlines generally use smaller aircraft, such as turboprops or regional jets, and offer lower capa ... Read More >>
- Prohibited Items: Prohibited items refer to any objects or substances that are not allowed to be carried on board an aircraft or in checked baggage due to safety and security reasons. These items can include explosives, flammable materials, firearms, sharp o ... Read More >>
Top News
Big Ten College Basketball Games: Live Stream and TV Channel Info for November 2...
Big Ten teams are on Friday’s college basketball schedule in seven games, including the Iowa Hawkeyes playing the Utah State Aggies.Check out: USA TODAY Sports Coaches PollHow to watch Big Te…...
News Source: USA Today on 2024-11-21
Former Dallas police officer Amber Guyger ordered to pay nearly $100 million in ...
Guyger was convicted six years ago of shooting and killing Jean in his apartment, which she said she thought was her own....
News Source: CBS News on 2024-11-21
Passengers duct tape man who allegedly tried to open door during flight: Officia...
A group of passengers sprung into action after a man allegedly tried to open the cabin door mid-flight during a trip to Dallas, officials said....
News Source: ABC News on 2024-11-20
At least 150 people killed over past week in Haiti’s Port-au-Prince: UN...
UN official warns millions of Haitians 'being held hostage' amid surge in gang-related violence in Haitian capital....
News Source: Al Jazeera English on 2024-11-20
American Airlines expands its crackdown on line cutters | CNN...
American Airlines is expanding its new boarding technology that stops passengers from cutting in line during boarding to over 100 airports nationwide before Thanksgiving....
News Source: CNN on 2024-11-20