The Value-Added Tax, or VAT, is a tax levied on goods and services that are consumed in the European Union. This tax has been around for decades, but it has only been in the past few years that it has begun to cause issues for businesses in the e-Commerce space.
References: https://sites.google.com/view/vatstudioservices/blogs/how-vat-affects-the-business-world-ecommerce-and-beyond?authuser=0
https://vatstudio.com/
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