Akademik

value-added tax
Tax added onto a product during each step of production, from raw material to finished good. Bloomberg Financial Dictionary

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value-added tax value-added tax ➔ tax1

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value-added tax UK US (also value added tax) noun [C or U ] TAX
► VAT(Cf. ↑VAT): »

There is no value-added tax on food and medicine.

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Imported chips are subject to a value-added tax of 17%.


Financial and business terms. 2012.