E-Vat

E-VAT refers to the electronic system used for managing and tracking Value Added Tax (VAT) payments and reporting. It streamlines the process by allowing businesses to file VAT returns and make payments online, reducing paperwork and improving accuracy. This system helps tax authorities monitor and ensure compliance, decreasing tax evasion. Essentially, E-VAT makes it easier and more efficient for businesses to handle their VAT obligations, promoting transparency and modernizing tax administration through digital technology.