Value-added tax
volume
British pronunciation/vˈaljuːˈadɪd tˈaks/
American pronunciation/vˈæljuːˈædᵻd tˈæks/
VAT

Definition & Meaning of "value-added tax"

Value-added tax
01

a tax put on the value added to a product at each stage of the supply chain, affecting the final price which the consumer pays

value-added tax

n
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