Glossary · Chapter 9: The welfare society
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Swedish word. In English: VAT
Value added tax: a tax included in the price of almost everything you buy, which the seller passes on to the state.
Facts about the word
- In Sweden the standard VAT rate is 25 per cent. Lower rates apply to, for example, food, books and public transport.
- VAT is often shown on the receipt, but the price in the shop always includes VAT.
- VAT is a tax on consumption, unlike income tax which is taken from wages.
Try the word in a sentence
Only one of the sentences uses the word correctly. Which one?
VAT is in the price of goods and services. Voting is free, and what is deducted from wages is income tax.
The word belongs to Chapter 9: The welfare society in Sverige i fokus, with the full context and practice questions.