The Mechanism Of Calculating Vat Under The European UnionValue Added Tax (VAT) collected on digital products and services is levied at the "standard" rate applicable for the country in which a customer consumes the product and services. A common VAT system is compulsory for member states of the European Union (EU). The EU VAT system is imposed by a series of European Union directives, the most important of which is the Sixth VAT Directive (Directive 77/388/EC).
The following questions have been addressed in this article:How is VAT calculated?
What is the difference between VAT calculation and sales tax calculation?
Where Exactly is the end of the direct quote?