For Value-added Tax we have terms and definitions in 3 topics. The topics are Finance, Government and Shipping.

Value-added Tax (Finance)

Method of indirect taxation that levies a tax is at each stage of production on the value added at that specific stage.

Value-added Tax (Government)

A national sales tax that would impact products at each stage of their production.

Value-added Tax (Shipping)

A European Community (EC) tax assessed on the increased value of goods as they pass from the raw material stage through the production process to final consumption. The tax on processors or merchants is levied on the amount by which they increase the value of items they purchase. The EC charges a tax equivalent to the value added to imports and rebates value-added taxes on exports.

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