value added tax

- 2 dictionary results

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. Abbreviation: VAT

Also called added-value tax.

Origin:
1930–35

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To value added tax

Value-added Tax
Try the Consolidated Approach to VAT Calculation. Free Whitepaper

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VAT Refunds for Business
U.S. Based VAT Recovery Agency German/U.K./French/Dutch VAT Claims

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Legal Dictionary

Main Entry: value–ad·ded tax
Function: noun
: a tax levied at each addition of value in the processing of a raw material, the performance of a service, or the production and distribution of a commodity with each payer except the consumer reimbursed from payment at the next stage called also VAT

Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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