VAT / GST and Sales tax. How are they different?

In this video, we will explore the difference between two types of taxes: direct and indirect taxes.
Specifically, we'll focus on the three most commonly known forms of indirect taxes:

- value-added tax (VAT),
- goods and services tax (GST), and
- sales tax.

While these taxes share similarities, they also have unique differences. By the end of the video, you'll have a better understanding of the characteristics of each tax and how they're collected.

Whether you're a business owner or simply curious about taxes, this video will provide valuable insights.

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