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Dictionary


val'ue-add'ed tax"




an excise tax based on the value added to a product at each stage of production or distribution: value added is arrived at by subtracting from the total value of the product at the end of each production or distibution stage the value of the goods bought at its inception. Abbr.: VAT Also called added-value tax.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

Strict Standards: Non-static method FenSites::linkTo() should not be called statically in /site/html/dictionary/value-added-tax.html on line 90 value-added Strict Standards: Non-static method FenSites::linkTo() should not be called statically in /site/html/dictionary/value-added-tax.html on line 98 valued
See also:
  • Strict Standards: Non-static method FenSites::linkTo() should not be called statically in /site/html/dictionary/value-added-tax.html on line 109 value-added tax (Thesaurus)
  • Strict Standards: Non-static method FenSites::linkTo() should not be called statically in /site/html/dictionary/value-added-tax.html on line 111 value-added tax (Encyclopedia)

 

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