Value-added taxes (VATs) are consumption taxes applied to goods and services in many countries around the world. They´re charged at each stage of production or distribution but ultimately paid by the end consumer. For travelers, VAT´´s most commonly appear as an added cost on hotel stays, restaurant meals, transportation, shopping, and attractions, and it´s usually included in advertised prices outside North America.
Read more in my post Travelers and Overseas VAT (Value-Added) Taxes.
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