Meaning Of The Word Value-added tax
What's the definition of Value-added tax? Find Value-added tax meanings, definitions and more at the Real Dictionary online.
Value-added tax Meaning
| Value-added tax Definition |
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What's The Definition Of Value-added tax?
value-added tax
uncountable noun: Value-added tax is a tax that is added to the price of goods or services. The abbreviation VAT is also used. value-added tax in British English a form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate consumer noun noun: an excise tax based on the value added to a product at each stage of production or distribution: value added is arrived at by subtracting from the total value of the product at the end of each production or distibution stage the value of the goods bought |
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