| English Dictionary |
VALUE-ADDED TAX
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| IPA (US): |  |
Dictionary entry overview: What does value-added tax mean?
• VALUE-ADDED TAX (noun)
The noun VALUE-ADDED TAX has 1 sense:
1. a tax levied on the difference between a commodity's price before taxes and its cost of production
Familiarity information: VALUE-ADDED TAX used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
A tax levied on the difference between a commodity's price before taxes and its cost of production
Classified under:
Nouns denoting possession and transfer of possession
Synonyms:
ad valorem tax; value-added tax; VAT
Hypernyms ("value-added tax" is a kind of...):
excise; excise tax (a tax that is measured by the amount of business done (not on property or income from real estate))
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"Two watermelons cant be grabbed in one hand." (Afghanistan proverb)
"Wherever there's cheese, work there." (Armenian proverb)
"He who studies does not waste his time." (Corsican proverb)