Definition of value added tax in English:

value added tax

Line breaks: value added tax
(abbreviation: VAT)

noun

[mass noun]
A tax on the amount by which the value of an article has been increased at each stage of its production or distribution.
More example sentences
  • The French and German governments have prepared a paper for the convention on the future of Europe which proposes to harmonise corporation tax and value added tax to improve the single market.
  • An alternative would be to allocate a proportion of value added tax directly to local authorities.
  • Taxes for big business and the rich are to be lowered even further, while the broad population will be subjected to a 2 percent increase in value added tax.

Definition of value added tax in:

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Word of the day bimble
Pronunciation: ˈbɪmb(ə)l
verb
walk or travel at a leisurely pace