Advertisement
Advertisement
View synonyms for value-added tax
value-added tax
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 at its inception. : VAT
value-added tax
value-added tax
Discover More
Word History and Origins
Origin of value-added tax1
First recorded in 1930–35
Advertisement
Advertisement
Advertisement
Advertisement
Browse