A value added tax (VAT) is a form of consumption tax. As a buyer, it is a tax on the purchase price. As a seller, it is a tax on the "value added" to a product, material or service at his/he [..]

A tax on the extra value added during each stage in the production of a good. Most of the stuff our economy produces goes through several "stages," usually with different businesses. In each [..]

A sales tax collected at each stage of production in proportion to the value added during that stage.

An incremental tax applied to the value added at each stage of the processing of a raw material or the production and distribution of a commodity. It is calculated as the difference between the produc [..]

a tax levied at each addition of value in the processing of a raw material, the performance of a service, or the production and distribution of a commodity with each payer except the consumer ...

A tax, popular in Europe, levied on a product at each stage of production, depending on the overall value added to the product at each stage. The consumer pays the accumulated taxes at the point of sa [..]

Consumption TAX levied on the VALUE added to a product at each stage of its manufacturing cycle as well as at the time of purchase by the ultimate consumer

is a type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale.

A tax imposed on business firms on the basis of the value added by the firm:  Value-added taxes avoid the cascading effect of turnover taxes.

A European Community (EC) tax assessed on the increased value of goods as they pass from the raw material stage through the production process to final consumption. The tax on processors or merchants [..]

When U.S. car renters and other non-Europeans are inbound to Europe and purchase goods in Europe, they could be eligible for reimbursement of value-added taxes (VAT) from European government.

A tax levied at each stage from production through to the final consumption. In Canada, the federal goods and service tax (GST) is a value-added tax.

A type of tax system which adds a fixed percentage of taxation on products and services at each step of production or service delivery.

A sales tax collected at each stage of production in proportion to the value added during that stage.

A Value-Added Tax (VAT) is a tax upon a business firm’s contribution to the market value of the good or service it produces. A consequence of such ...

A value-added tax (VAT) is a tax on the value created in goods or services during production, distribution, and sales. VATs are generally constructed ...

See VAT.

A tax on the extra value added during each stage in the production of a good. Most of the stuff our economy produces goes through several "stages," usually with different businesses. In each [..]

value added tax|lang=en