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Sir Mnumzane Presents: "What is VAT? A Simple Explanation for Students" Ever heard of VAT but not sure what it really means? 🧾 In this quick and easy video, we break down Value-Added Tax (VAT) in a way that makes sense—no business degree needed! 🎓 Perfect for students, beginners, and anyone who wants to understand the taxes we pay on everyday items. 💡 In this video, you’ll learn: What VAT actually is How it works when you buy things Why governments use VAT Real-life examples you can relate to ✅ Simple. Clear. Student-friendly. VAT vs. Sales Tax Types of VAT (e.g., standard rate, reduced rate) How VAT affects businesses Countries that use VAT Stay tuned to learn more about the global tax system and its implications for your purchases and business operations! Don't forget to like, share, and subscribe for more insightful videos on tax systems, business, and economics! #VAT #ValueAddedTax #SalesTax #BusinessTax #Economics #GlobalTax #TaxSystem #TaxationExplained #Finance #BusinessTips #Finance101 #Taxes #TaxEducation #Taxation #VATSystem