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 Glossary   >   V   >   "Value added tax (VAT)" Definition   

        Value added tax (VAT)

An indirect tax payable by adding it onto the value of most goods and services.

Value added tax (VAT)
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Value added tax (VAT) \ An indirect tax payable by adding it onto the value of most goods and services.


Value added tax (VAT) / an indirect tax payable by adding it onto the value of most goods and services.