5 Ways A Good VAT Strategy Can Impact Your Business

Businesses face many types of taxes that they pay to the government. The type and amount of taxes depend on the business size, operations, and other related factors. For instance, startups and small businesses commonly pay employment and income taxes. On the other hand, a corporation’s net income isn’t taxable unless the company distributes it to the shareholders through dividends. Another example of a tax that businesses manage is VAT.

As you can imagine, any savvy entrepreneur knows that having a good VAT strategy can majorly impact your bottom line. This post will show you the top 5 ways a good VAT strategy can impact your business.

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