Advertisement

Advertisement

View synonyms for value-added tax

value-added tax

noun

  1. 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. : VAT


value-added tax

noun

  1. See VAT
    (in Britain) the full name for VAT


value-added tax

  1. A tax on the value added to a product at each stage of its production, from raw materials to finished product. Widely employed in Europe , value-added taxes have the advantage (for governments) of raising revenue “invisibly,” that is, without appearing as taxes on the bill paid by the consumer .


Discover More

Word History and Origins

Origin of value-added tax1

First recorded in 1930–35

Discover More

Example Sentences

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.

Advertisement

Word of the Day

axolotl

[ak-suh-lot-l ]

Meaning and examples

Start each day with the Word of the Day in your inbox!

By clicking "Sign Up", you are accepting Dictionary.com Terms & Conditions and Privacy Policies.

Advertisement

Advertisement

Advertisement


value-addedvalued