value added tax
See also: value-added tax
English
Alternative forms
- value-added tax
Noun
value added tax (plural value added taxes)
- (taxation) A tax levied on the added value that results from the exchange of goods and services
Synonyms
- (tax): VAT
- (tax): goods and services tax, GST (Australia, Canada, New Zealand, Singapore)
Coordinate terms
- sales tax
Translations
tax levied on added value of an exchange — See also translations at VAT
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Further reading
value added tax on Wikipedia.Wikipedia