What is VAT?

A Value Added Tax (VAT) is an indirect tax that is being introduced by the government. The VAT is applicable to both individuals and businesses, and is imposed on most goods and services that are bought and sold.

How is VAT calculated?

If you buy something for USD 100, this price already includes VAT, and Riva will pay it on your behalf.

On the invoice, you will see a further breakdown which indicates that the actual price of the product is USD 95 with the remaining USD 5 as the 5% VAT charged on the product.