VAT, value-added tax, ad valorem tax(noun)
a tax levied on the difference between a commodity's price before taxes and its cost of production
The numerical value of value-added tax in Chaldean Numerology is: 4
The numerical value of value-added tax in Pythagorean Numerology is: 7
Sample Sentences & Example Usage
The target will be achievable as potential to collect income tax, value added tax (VAT) and customs for this year is much higher.
These include direct subsidies, soft loans from state banks, VAT (value-added tax) rebates on some product categories, energy and input subsidies, and occasionally direct grants, among others.
While it is clearly an important result, it is only one feature in a universe of other measures that China foresees for its steel sector, these include direct subsidies, soft loans from state banks, VAT (value-added tax) rebates on some product categories, energy and input subsidies, and occasionally direct grants, among others.
It is a totally pointless complaint from the U.S. and it's biased against China, china's steel industry is market-based and Chinese steel products have good quality, low price and good service. The complaint on government subsidies is also crap. It's just we have a different system and we charge the 17 percent value-added tax and then return a portion of it.
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"value-added tax." Definitions.net. STANDS4 LLC, 2017. Web. 25 May 2017. <http://www.definitions.net/definition/value-added tax>.