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E P E No Nru Tal VAT VAT No Form TIFD Ex 01

E P E No Nru Tal VAT VAT No Form TIFD Ex 01

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Video instructions and help with filling out and completing E P E No Nru Tal VAT VAT No Form TIFD Ex 01

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Hi, I'm Alex. Wanna catch a movie? Now, I know what you’re thinking. I clicked to watch a video about value added tax, not movies. Well, taxes and movies have more in common than you might think. They both generate revenue. They can be really complicated, and some are just blockbusters. Like our old friend, Value Added Tax - also known as VAT. or a goods and services tax. So how do value added taxes work? Let me explain... with popcorn. Obviously. The corn starts out in a field with the farmer growing his crop. He sells it to a company that takes the corn and puts it in fancy packaging. Then that company sells the packaged products to the cinema and ultimately to the customer. Now, let’s rewind and watch that again. And this time, let’s assume that the country where all this is taking place has a 10% value added tax. Here's how that works. Our farmer sells his popcorn for $10, but the packaging company buying it, they actually pay him $11. So why the extra dollar?

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