What is the meaning of Value-added tax?

Tax added onto a product during each step of production, from raw material to finished good.

Barry Goldsmith
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APABarry Goldsmith. (2010). value-added tax. Retrieved September 25, 2026, from http://smartdefine.org/value-added_tax/definitions/1166155
ChicagoBarry Goldsmith. 2010. "value-added tax" http://smartdefine.org/value-added_tax/definitions/1166155 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, value-added tax, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/value-added_tax/definitions/1166155>.
MLABarry Goldsmith. "value-added tax" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/value-added_tax/definitions/1166155>
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