What does the VAT acronym stand for?
Value Added Tax
Value Assigned Tax
Verified Accountable Tax
Valid Area Tax
The concept of VAT tax was first proposed by German industrialist Dr. Wilhelm von Siemens in 1918. France was the first country to introduce it in 1958. As of 2018, 166 of the 193 countries employ a VAT, including all major countries except the United States.
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Answers by country
Value Added Tax
Value Assigned Tax
Verified Accountable Tax
Valid Area Tax
answers
Australia
20
the United Kingdom
46
the Philippines
15
India
105
the United States
92
Poland
1291
Greece
11
Germany
25