What is the meaning of value-added tax?

noun

  • A tax levied on the difference between a commodity's price before taxes and its cost of production.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). value-added tax. Retrieved September 20, 2026, from http://smartdefine.org/value-added_tax/definitions/1318818
ChicagoWordNet. 2010. "value-added tax" http://smartdefine.org/value-added_tax/definitions/1318818 (accessed September 20, 2026).
HarvardWordNet 2010, value-added tax, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/value-added_tax/definitions/1318818>.
MLAWordNet. "value-added tax" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/value-added_tax/definitions/1318818>
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