value-added tax
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 at its inception. Abbreviation: VAT
Origin of value-added tax
1- Also called added-value tax [ad-id-val-yoo] /ˈæd ɪdˈvæl yu/ .
Words Nearby value-added tax
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use value-added tax in a sentence
The paper's authors, who include Mike Lind, suggest a possible value-added tax as a way to raise the revenue.
Value Added Tax: Huge revenue-raiser, which is why Republicans hate it.
I may be wrong on this next point, but I'm fairly certain that all 10 have a value-added tax too.
Daniels had the temerity to merely mention apparently taboo words: value-added tax and gasoline tax.
In Europe, you pay for it through a heavy consumption tax called the VAT, or value-added tax.
British Dictionary definitions for value-added tax
(in Britain) the full name for VAT
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for value-added tax
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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