- Broad based: This means that the VAT is charged on a wide range of goods and services in SVG.
n- Multi-Stage: VAT is charged and collected at all levels in the economy (i.e. from production to the final consumer).
- Transaction Tax: VAT is charged on every supply of goods and services including:-
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- Business to business
- Business to consumers and
- Transactions with the government
- Consumption Tax: VAT is expected to be passed on the consumers in the price of goods and services they consume.
- Domestic Consumption: VAT is charged on the value of imports, but VAT is not charged on value of exports.