Value Added Tax (VAT)
tax that is added to the value of a product at the time of manufacture and paid by the customer at the time of purchase | ||||
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Value Added Tax definition was found in categories: Business & Finance(3) Language, Idioms & Slang(3) Sports(1) Encyclopedia(1)
Value Added Tax Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Value-added tax
Method of indirect taxation whereby a tax is levied at each stage of production on the value added at that specific stage.
Method of indirect taxation whereby a tax is levied at each stage of production on the value added at that specific stage.
| MONASH Marketing Dictionary |
Value Added Tax
Definition of this term to be added in next version.
Definition of this term to be added in next version.
Value-Added Tax
a tax based on the amount by which value has been added to a product at each stage of production.
| 2K Group Shipping, Trade, Insurance Dictionary |
Value Added Tax
A European Community (EC) tax assessed on the increased value of goods as
they pass from the raw material stage through the production process to
final consumption. The tax on processors or merchants is levied on the
amount by which they increase the value of items they purchase. The EC
charges a tax equivalent to the value added to imports and rebates
value-added taxes on exports.
A European Community (EC) tax assessed on the increased value of goods as
they pass from the raw material stage through the production process to
final consumption. The tax on processors or merchants is levied on the
amount by which they increase the value of items they purchase. The EC
charges a tax equivalent to the value added to imports and rebates
value-added taxes on exports.
Value-Added Tax
A European Community (EC) tax assessed on the increased value of goods as
they pass from the raw material stage through the production process to
final consumption. The tax on processors or merchants is levied on the
amount by which they increase the value of items they purchase. The EC
charges a tax equivalent to the value added to imports and rebates
value-added taxes on exports.
Value Added Tax Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
value-added tax
Noun
1. a tax levied on the difference between a commodity's price before taxes and its cost of production
(synonym) VAT, ad valorem tax
(hypernym) excise, excise tax
Noun
1. a tax levied on the difference between a commodity's price before taxes and its cost of production
(synonym) VAT, ad valorem tax
(hypernym) excise, excise tax
| hEnglish - advanced version |
value-added tax
value-added tax
n : a tax levied on the difference between a commodity's price before taxes and its cost of production [syn: vat, ad valorem tax ]
value-added tax
n : a tax levied on the difference between a commodity's price before taxes and its cost of production [syn: vat, ad valorem tax ]
| Concise English-Irish Dictionary v. 1.1 |
value added tax
cáin bhreisluachavalve; comhla
VAT: cáin bhreisluacha
cáin bhreisluachavalve; comhla
VAT: cáin bhreisluacha
Value Added Tax Definition from Sports Dictionaries & Glossaries
| maritime&shipping&trade |
Value-Added Tax
An indirect tax on consumption that is assessed on the increased value of goods at each discrete point in the chain of production and distribution, from the raw material stage to final consumption. The tax on
An indirect tax on consumption that is assessed on the increased value of goods at each discrete point in the chain of production and distribution, from the raw material stage to final consumption. The tax on
Value Added Tax Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Value added tax
Value added tax (VAT), or goods and services tax (GST), is tax on exchanges. It is levied on the added value that results from each exchange. It differs from a sales tax because a sales tax is levied on the total value of the exchange. For this reason, a VAT is neutral with respect to the number of passages that there are between the producer and the final consumer. A VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer). To avoid double taxation on final consumption, exports (which by definition, are consumed abroad) are usually not subject to VAT and VAT charged under such circumstances is usually refundable.
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