Applies to goods only, including capital and intermediate goods, excludes VAT.
Understand the Problem
The question seems to refer to a specific economic or accounting principle related to the classification of goods, possibly in the context of taxation or financial analysis, indicating what is included or excluded from a financial measure.
Answer
A tax system for goods only, excluding VAT.
The information refers to a tax system that applies to tangible goods only, including capital and intermediate goods, but excludes Value-Added Tax (VAT).
Answer for screen readers
The information refers to a tax system that applies to tangible goods only, including capital and intermediate goods, but excludes Value-Added Tax (VAT).
More Information
This kind of tax system is typically designed to target the movement and value addition of physical goods without implicating the broader scope of services and overall consumption as VAT does.
Tips
A common mistake is assuming such a tax would apply universally like VAT, which includes services alongside goods.
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