What is the definition of Value-added tax (vat)? | Dictionary.net

VALUE-ADDED TAX (VAT)

\vˈaljuːˈadɪd tˈaks vˈat], \vˈaljuːˈadɪd tˈaks vˈat], \v_ˈa_l_j_uː_ˈa_d_ɪ_d t_ˈa_k_s__ v_ˈa_t]\

Definitions of VALUE-ADDED TAX (VAT)

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

tax that is the difference between the cost of an asset and its fair market value. Also known as an ad valorum tax.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Reprobacy

Reprobation.

View More

Nearby Words