VALUE-ADDED TAX


Meaning of VALUE-ADDED TAX in English

transcription, транскрипция: [ noun ]

Date: 1935

: an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production and distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.