Value Added Tax (VAT)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. ...
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, 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 ...
Define Value Added Taxes. Value Added Taxes synonyms, Value Added Taxes pronunciation, Value Added Taxes translation, English dictionary definition of Value Added Taxes. n. Abbr. VAT A tax on the estimated market value added to a product or material at e
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
value–added tax(noun) value–added taxnoun Britannica Dictionary definition of VALUE–ADDED TAX [noncount] :a tax that is added to products at each stage of their production —called alsoVAT ASK THE EDITOR What are the plural forms ofcheck-in,passerby, andspoonful?
value added tax (VAT) a tax on consumer expenditure collected on business transactions, imports from outside the EU and acquisitions from other EU countries. All EU countries apply VAT in accordance with the Sixth Directive. Many non-EU countries have adopted a tax very similar to VAT, e.g...
What Is a Value-Added Tax (VAT)? The term value-added tax (VAT) refers to aconsumption taxon goods and services levied at each stage of thesupply chainwhere value is added. As such, a VAT is added from the initial production of goods and services to the point of sale. The amount of...
Value Added VAT Tax and VAT ~ Definition And What You Need To Know as a Taxpayertax.network
A value-added tax (VAT) is a consumption tax that is levied at every stage of production for a good or service at which value has been added. Every business in the production process receives a VAT tax credit for the VAT that has been paid except for the final consumer, who pays the...