Value-added Tax Definition

valyo͝oadəd
noun

A tax on the value added to goods at each stage of production, from raw materials to finished product: it is typically added to the price of the finished product and is thus an indirect tax on the consumer.

Webster's New World
Synonyms:
Advertisement
other

See tax.

Webster's New World Law
Advertisement

Other Word Forms of Value-added Tax

Noun

Singular:
value-added tax

Find Similar Words

Find similar words to value-added tax using the buttons below.

Words Starting With

Words Ending With

Unscrambles

value-added tax