Without vat意思

"Without VAT" means that the price quoted or charged does not include Value Added Tax (VAT). VAT is a tax on goods and services that is added to the price of the product or service at each stage of production, distribution, and sale. It is a form of indirect tax that is ultimately paid by the consumer.

When a price is quoted or charged without VAT, it means that the buyer will have to pay the VAT on top of the stated price when they make their purchase. The VAT rate can vary depending on the country and the type of goods or services being purchased.

For example, if the price of a product is $100 without VAT and the VAT rate is 20%, the total amount the buyer would have to pay would be:

$100 (product price) + ($100 * 20%) (VAT) = $100 + $20 = $120

In this example, the buyer pays $120 in total, which includes $100 for the product and an additional $20 as VAT.