Tax QuickBooks Online 2026 in Bangla । Accounting Freelancing। SUN ADVICE TECH । bookkeeping

Tax QuickBooks Online 2026 in Bangla । Accounting Freelancing। SUN ADVICE TECH । bookkeeping

Description:
Value-Added Tax (VAT).
VAT (Value-Added Tax) is a type of consumption tax used in over 170 countries worldwide (including almost all developed economies except the US). It is charged at every stage of the production and distribution chain on the "value added" at each step, with businesses able to claim credits for the VAT they pay on inputs. The final consumer ultimately bears the full tax burden.
In contrast, the US relies on a retail sales tax system instead:
• No federal VAT exists.
• Most states (45 out of 50) impose their own sales tax (plus often local/city/county taxes), collected only at the final point of sale to the consumer.
• Five states have no statewide sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon (though some localities in Alaska may charge it).
• Combined state + local sales tax rates typically range from about 4–10% depending on location (national average around 6–7%).

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