- add|ed-val|ue tax
- add|ed-val|ue tax «AD ihd VAL yoo»,a sales tax based on the value added to goods at each sales transaction during production and on down to the retailer; value-added tax.
Useful english dictionary. 2012.
Useful english dictionary. 2012.
val|ue-add|ed tax — «VAL yoo AD ihd», a sales tax based on the increase in value or price of a product at each stage in its manufacture and distribution. The cost of the tax is added to the final price and is eventually paid by the consumer. »Many European countries … Useful english dictionary
value-added tax — val′ue add′ed tax n. bus an excise tax based on the value added to a product at each stage of production • Etymology: 1930–35 … From formal English to slang
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