realcaseyrollins@thelemmy.club to Business@lemmy.worldEnglish · 1 month agoSecondhand Clothes Are Taxed Twice, These Fashion Brands Want to Stop Itwww.teenvogue.comexternal-linkmessage-square10fedilinkarrow-up134arrow-down14
arrow-up130arrow-down1external-linkSecondhand Clothes Are Taxed Twice, These Fashion Brands Want to Stop Itwww.teenvogue.comrealcaseyrollins@thelemmy.club to Business@lemmy.worldEnglish · 1 month agomessage-square10fedilink
minus-squarelabsin@sh.itjust.workslinkfedilinkEnglisharrow-up2·1 month agoIn Europe it’s not. If an article is sold by a private person to a company, no vat is added and if the company resells it, vat has to be calculated on the profits only and not the full sum. This is especially true for second hand cars.
In Europe it’s not. If an article is sold by a private person to a company, no vat is added and if the company resells it, vat has to be calculated on the profits only and not the full sum.
This is especially true for second hand cars.