| / English Dictionary |
VALUE-ADDED TAX
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A tax levied on the difference between a commodity's price before taxes and its cost of production
Synonyms:
ad valorem tax; value-added tax; VAT
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("value-added tax" is a kind of...):
excise; excise tax (a tax that is measured by the amount of business done (not on property or income from real estate))
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