Is VAT paid on profit?

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Tags

1. #input
2. #quarterly
3. #profits
4. #exemptions
5. #difference
6. #revenue
7. #charge
8. #there
9. #taxed
10. #between
11. #either
12. #though
13. #customs
14. #reclaim
15. #supplies
16. #output
17. #handed
18. #charged
19. #usually