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 ...

Value Added Tax (VAT) is a form of indirect tax applied to the value added at each stage of production (primary, manufacturing, wholesale and retail).

The Value added tax identification number (VATIN) is an identifier used in the European Union Value Added Tax for taxation purposes. The identifier starts with an ISO 3166-1 alpha ...

VAT (Value added tax) is a sales tax levied on the sale of goods and services. In some countries this tax is known as goods and services tax or GST. VAT is an indirect tax, in that ...

value-added tax. General consumption tax assessed on the value of goods and services, applied at each stage of the production of a commodity, and charged only on the value added at ...

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Value Added Tax - definition of Value Added Tax - VAT. A consumption tax which is levied at each stage of production based on the value added to the product at that stage.

value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each ...

value-added tax n. ( Abbr. VAT ) A tax on the estimated market value added to a product or material at each stage of its manufacture or distribution,

Library of Congress. Dewey number: 343.05/5; Dewey version: 22; LC Classification: K4573 .S337 2007; LC Subject headings: Value-added tax--Law and legislation; Spendings tax--Law ...