Value-added tax is called "value-added tax", which is a kind of consumption tax and is often used in Europe and other countries. It is calculated according to the added value of goods and services, that is, after deducting the costs of raw materials and labor in the production process, the rest is taxable. Value-added tax is a relatively fair tax method, because only the final buyer needs to pay taxes.

Although the value-added tax is widely used, not all countries and regions adopt this taxation method. When buying foreign goods, you need to pay attention to whether it includes value-added tax. If the merchant already includes VAT, the fee should be deducted at the time of settlement, otherwise VAT needs to be paid to the customs. In addition, for some countries and regions, the value-added tax must also be displayed on the invoice, so pay attention to checking the invoice when shopping.

Intellectual property refers to the property rights generated by all kinds of knowledge protected by law, including patents, trademarks, copyrights, etc. These intellectual property rights also need to pay value-added tax in transactions. For example, if you buy a patent or trademark, you need to pay VAT according to its sales price. In addition, some countries and regions will levy value-added tax on intellectual property licensing and transfer. Therefore, in transactions involving intellectual property rights, it is also necessary to pay attention to whether VAT is included and how to pay it.