WHAT'S HAPPENING NOW:
SUBSCRIBE TO MAGAZINE
Exhibiting &
Event Topics
EXHIBITOR
Magazine
Find It
Marketplace
EXHIBITOR
LIVE
EXHIBITOR
Education Week
EXHIBITOR
eTrak
CTSM
Certification
EXHIBITOR
Insight
EXHIBITOR
Awards
News
Network
Advertise
With Us
Topics
International
Exhibiting
Global
Guide
How-To
Tips
International
Exhibits
International
Events
quiz
Taxing Situations
U.S. companies that exhibit internationally are no doubt familiar with value-added tax, or VAT, a levy that's assessed on a product imported into many countries, even temporarily. But while this type of tariff may be nearly universal, taxing everything from giveaway items and flatscreens to pencils and paper, the acronyms it goes by around the globe are often anything but. You'll see what we mean in this month's quiz when you try to match the country with its local acronym for VAT. But don't worry – it's not too taxing.By Charles Pappas


click your choice to see if you're right
 
1. There's nothing neutral or cheesy about this nation's value-added tax, locally known as MWST.
a. Canada
b. Switzerland
c. Croatia

 
2. At 20 percent, this country's tax, known as TVA, is almost as high as its iconic Eiffel Tower.
a. Great Britain
b. France
c. Belgium

 
3. Along with a VAT known as Ma'am, this Middle-Eastern country has the most museums per capita.
a. Israel
b. Lebanon
c. Kuwait

 
4. You might get a buzz paying the tariff called ALV in the country with the world's heaviest coffee consumers.
a. Estonia
b. Colombia
c. Finland

 
5. With its rich history of accountants sitting for master painters, it's no wonder this country's BTW tax is so high.
a. Netherlands
b. Monaco
c. Chile

 
6. The home of "The Little Mermaid" is also the site of a value-added tax referred to as MOMS.
a. Sweden
b. Denmark
c. Norway

 
7. AFA is the acronym for VAT in this land of Rubik's cubes, paprika, goulash, and the Danube River.
a. Austria
b. Germany
c. Hungary

8. After paying the tariff known here as VSK, you can take a well-earned soak in the Blue Lagoon.
a. Iceland
b. Sweden
c. Tunisia

9. You won't see Humphrey Bogart, but you will encounter the TVA, which is the name of this country's VAT.
a. Tunisia
b. Libya
c. Morocco

10. Value-added tax is known as PVM in the only country in the world with its own official scent.
a. Lithuania
b. Latvia
c. Luxembourg

11. In the country whose coat of arms includes an illustration of Noah's Ark, the local name for VAT is AAH.
a. Albania
b. Armenia
c. Azerbaijan

12. The levy in this land of Armani and Versace goes by a name that almost sounds like a fashion icon too: IVA.
a. France
b. Spain
c. Italy

13. In this nation, there is an NDS tax to go along with blinis, caviar, and the famed Bolshoi Theatre.
a. Belarus
b. Ukraine
c. Russian Federation

14. The levy called FPA shares its home with the birthplace of both democracy and the Olympic Games.
a. Turkey
b. Greece
c. Cyprus

you might also like
 
Join the EXHIBITOR Community Search the Site
TOPICS
Measurement & Budgeting
Planning & Execution
Marketing & Promotion
Events & Venues
Personal & Career
Exhibits & Experiences
International Exhibiting
Resources for Rookies
Research & Resources
MAGAZINE
Subscribe Today!
Renew Subscription
Update Address
Digital Downloads
Newsletters
Advertise
FIND IT
Exhibit & Display Producers
Products & Services
All Companies
Get Listed
EXHIBITORLIVE
Sessions
Certification
Exhibit Hall
Exhibit at the Show
Registration
ETRAK
Sessions
Certification
F.A.Q.
Registration
EDUCATION WEEK
Overview
Sessions
Hotel
Registration
CERTIFICATION
The Program
Steps to Certification
Faculty and Staff
Enroll in CTSM
Submit Quiz Answers
My CTSM
AWARDS
Sizzle Awards
Exhibit Design Awards
Portable/Modular Awards
Corporate Event Awards
Centers of Excellence
NEWS
Associations/Press
Awards
Company News
International
New Products
People
Shows & Events
Venues & Destinations
EXHIBITOR News
© Exhibitor Group | The Leader in Trade Show and Corporate Event Marketing Education PO Box 5996, Rochester, MN 55903-5996 | (507) 289-6556 | Need Help? Ask Scott