Noun
value added tax (plural value added taxes)
(taxation) A tax levied on the added value that results from the exchange of goods and services
value-added tax (plural value-added taxes)
Alternative form of value added tax
value added tax
A 10% value-added tax (IVA in Spanish), implemented in September 1992, was raised to 13% in July 1995. Source: Internet
A 10% value-added tax (VAT), implemented in September 1992, was raised to 13% in July 1995. Source: Internet
Analysts say parliament has hindered efforts to push through sensitive reforms such as introducing value-added tax in a country whose citizens are used to generous state subsidies. Source: Internet
Few days after the passage of the Bill, The Federal Government began the immediate implementation of some aspect of the ACT with the implementation of the 7.5 percent Value Added Tax (VAT) on delayed payments on government transactions. Source: Internet
Austria plans to cut value-added tax (VAT) for restaurants and the culture sector to 5% until the end of the year to help them cope with the fallout, the government said on Friday. Source: Internet
Consumption main Consumption tax refers to any tax on non-investment spending, and can be implemented by means of a sales tax, consumer value added tax, or by modifying an income tax to allow for unlimited deductions for investment or savings. Source: Internet