value-added tax- a tax levied on the difference between a commodity's price before taxes and its cost of production ad valorem tax,VAT excise,excise tax- a tax that is measured by the amount of business done (not on property or income from real estate) ...
Define value added tax. value added tax synonyms, value added tax pronunciation, value added tax translation, English dictionary definition of value added tax. A tax on the monetary value considered to be added to a product at each stage of its manufactu
The meaning of VALUE-ADDED TAX is an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production and distribution of a commodity and that typically has the impact of a sales tax on the ultimate
added tax. value-added tax noun : an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production and distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer See the full definition...
Value added tax and financial reporting Erdogan said they were lowering the value added tax over business offices, shops, stores and other commercial properties, from its current rate of 18 percent down to 8 percent for a period of three months, in order to boost the demand in the constructio...
What is a Value Added Tax (VAT)? A tax on imported goods, paid in addition to other duties due. It is called a "value-added" tax because it is applied throughout the supply chain - on everything from the point of raw materials up to manufacturing and retail. ...
Value Added Tax, or VAT, is an indirect consumption tax charged on goods and services. VAT is also known as goods and services tax (GST). It is charged as a percentage of the end-market price. VAT is levied at each stage of a product or service’s production or distribution – it ...
VALUE ADDED TAX DefinitionVALUE ADDED TAX is a consumption tax where taxes are levied at each step of a manufacturing process where value is added to that product at that point in the manufacturing cycle; as well as at the point where the consumer purchases the end product....
Define Value Added Tax (VAT). means a tax imposed on a wide variety of products (domestic and imported), based on the value added at each stage of production or distribution;
Value-Added Tax An indirect taxation method in which tax is charged at every stage of production for the value added to the product after that stage of processing. Random Finance Terms for the Letter V Valuation Value-Added Tax Value-at-Risk Model Value Additivity Principal Value Averaging Value...