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Thread: Newb Question: VAT

  1. #1
    Low Bitrate
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    Newb Question: VAT

    I noticed that there are usually two prices listed for lcds. one with and without a VAT. what is the VAT exactly and is it a necessity?

  2. #2
    Newbie pixelflash's Avatar
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    I think that might stand for Value Added Tax. Sort of a luxury tax, if I understand it correctly.

  3. #3
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    If it's a uk site you've been looking on, then it's Value Added Tax. Like a luxury tax but charged on about three quarters of every product for sale in the UK! Dammit...

  4. #4
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    so if i'm buying from norway, i will not have to pay the VAT on the product?

    dr_k

  5. #5
    Confusion Master
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    If you are in the EU then yes. If you are outside of the EU then I think you can get away with not paying. You may have to contact the vendor.

  6. #6
    Maximum Bitrate Mad Ad's Avatar
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    VAT (value added tax) is the european equivalent of the american sales tax and added to products at sale time, however the difference is, everywhere pays it, where america only charge it for sales to that state.

  7. #7
    Variable Bitrate Curly_cat's Avatar
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    Quote Originally Posted by dr_k
    so if i'm buying from norway, i will not have to pay the VAT on the product?

    dr_k
    No you will not have to pay VAT as Norway is outside of the EU.

    You will have to pay the local tax at the point of entry into Norway.

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