Definitions for value-added tax
This page provides all possible meanings and translations of the word value-added tax
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
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.
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"value-added tax." Definitions.net. STANDS4 LLC, 2016. Web. 9 Feb. 2016. <http://www.definitions.net/definition/value-added tax>.