Definitions
There is 1 meaning of the phrase
Value-Added Tax.
Value-Added Tax - as a noun
A tax based on the value of the goods collected by the end retailer
Synonyms (Exact Relations)
goods and service taxgstvatExample Sentences
"The value-added tax rate in this country is 20%."
"Businesses are required to collect and remit value-added tax."
"The government implemented a new value-added tax law."
"The value-added tax system is commonly used in Europe."
"Some countries have a higher value-added tax rate than others."
