Here's how value-added tax works, what it is and how you can get a VAT refund if you shop while traveling. Many, or all, of the products featured on this page are from our advertising partners who ...

VAT is a consumption tax paid at each production stage, reimbursed from prior stages. Final VAT costs are borne by the consumer, raising the final product price. Critics label VAT regressive, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...