Value added tax (VAT) concerns are becoming a more common issue for U.S. taxpayers due to the increase in direct international trade between U.S. taxpayers and residents of foreign countries that impose VAT.

VAT Handbook is a new publication designed to acquaint U.S. tax practitioners with the rules and procedures generally applicable to the payment and collection of VAT. It explores the general concepts associated with the collecting and reporting of VAT, provides numerous examples illustrating the application of these concepts, and addresses many special issues and problems that are unfamiliar to U.S. tax practitioners.