Vaue- added taⅹ Definition o an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production or distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer o Calculation o leviable tax=Sale tax -Input credit taxValue-added Tax ⚫ Definition ⚫ an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production or distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer ⚫ Calculation ⚫ leviable tax=Sale tax – Input credit tax