Simplified VAT process
Unlike a Sales Tax, a Value Added Tax (VAT) is a consumption tax placed on a product when value is added at each step of the supply chain. If your business is in one the 160 plus countries around the world using value-added taxation, Gravity Software® (Gravity) VAT calculations has you covered. Gravity tracks the tax on the value of the product, less any of the costs of materials used in the product that have already been taxed. Gravity’s Tax Reports makes it easy to file tax returns with local and federal authorities. Save your business time with Gravity’s automated VAT calculations. Gravity will calculate the amount of tax required so you can easily file your returns.
