A tax on the amount by which the value of an article or its raw materials has been increased at each stage during its production or distribution. Cf…
| 单词 | θ220326 |
| 释义 | society > trade and finance > fees and taxes > impost, due, or tax > duty on goods > [noun] > value added tax (6) value added tax1935 A tax on the amount by which the value of an article or its raw materials has been increased at each stage during its production or distribution. Cf… added value tax1941 = value added tax, n. T.V.A.1963 = VAT, n.2 VAT1966 = value added tax, n. Cf. T.V.A. n. at T, n. initialisms 1a. Subcategories:— date when chargeable (1) — exemption from (1) |
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