Sales Tax Vs. VAT. How they both work!

Sales Tax and VAT explained! These 2 types of taxes are very similar in concept and serve the same purpose. But the way they are collected vary dramatically. I will explain both of them with examples in this video.

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[Famousceleb]

I from pakistan its an amazing tutorial that i have watched on YouTube i have watched 10 videos before it but i can't understand the difference between them but after this i have completely understand the difference of sales tax and vat hats of yours efforts for making this tutorial ❤

[harikrishnagupta]

Greetings from Bangalore, India, Excellent presentation.

[chirayugarg]

Happy teachers day from an Indian student. I wish to god u will be happy. Thanks for sharing concepts

[innovation.]

Good example great explanations sir .thank you so much sir.now I'm clearly understand vat, sales tax sir.

[AlbertaGengar]

Great video. Exactly what I was looking for

[joysreesharma]

Thank you Bill! The presentation was superb and beneficial.

[nanagasimova]

Thank you very much! It's all clear now😊 Greetings from Azerbaijan! 🇦🇿

[sherifftaiwo]

Thanks for this. Very helpful. Appreciate if you would talk about the standard procedure to estimating the amount of accrued expenses for cost of sales and admin expense items in the profit or loss accounts (as well as the accrual liability on the balance sheet). Thank you.

[jyotichaudhary]

This was amazing. Was looking for something like this since long..Thank you bill..😊

[insane_squirrel]

Thank you for this video, having only worked in Canada our sales tax is a VAT. Which I think is the easier method of the two for accounting purposes. No trying to figure out if the forms have been processed for each vendor/customer etc.

[lauriemarshall]

Very comprehensive overview - extremely helpful! Do you have a video about the Import/Export components of VAT?

[RayaFlora]

I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.

[MrAttagon]

Geat video. Now is VAT included in the ''sticker price you see in the stores'' for example a sports drink in the USA is $2 on the shelf but when you check out its a little more. I'm in South Korea is the VAT included in the ''sticker price'' or like the USA?

[bgcubingchannel]

How do you calculate sales tax when selling on Amazon, as states have different taxation? How does the cx pay the tax needed? Does Amazon calculate it automatically?

[musicalranpha]

Greetings from Indonesia. Really like your content.
I learn something new. Appreciate very much and hope you can give content about Withholding Tax. Thanks a lot.

[lamiaaitbouskri]

U all I needed in my life. That's it. Thank you so much

[manojvaingankar]

Thanks Bill if possible can you put some light on intercompany process in details.

[sbadrawia]

Thank you! Just what I was looking for.

[somenmondal]

Thank you bill, Nice presentation. In future expecting more and more

[oladobe]

Thanks! I'm learning a lot with you!!!