list 2 products on which vat is not charged
List 2 products on which VAT is not charged
Answer:
There are certain products and services on which Value Added Tax (VAT) is not charged. Two examples of products on which VAT is not charged include:
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Basic Groceries: In many countries, basic groceries such as fruits, vegetables, meat, bread, and dairy products are exempt from VAT. This exemption aims to ensure that essential food items remain affordable for consumers.
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Healthcare Services: VAT exemptions are often applied to healthcare services to make healthcare more accessible to the public. This includes medical consultations, hospital services, and some medical equipment.
These exemptions on VAT for certain products and services are typically put in place to support public welfare, make essential goods and services more affordable, and ensure access to necessary healthcare without additional tax burdens.