VAT (value added tax)
n.
tax that is added on to the value of a product when it is manufactured and is paid by the customer at the time of purchase
vat
n.
large container, tank, tub
Vat
Vat and VAT may refer to:
Value added taxA type of
container such as a
barrel,
storage tank, or
tub, often constructed of welded sheet stainless (corrosion resistant) steel, and used for holding, storing, and processing liquids such as milk, wine, and beerVirtual Allocation Table, a component of the
Universal Disk Formata form of
Vietnamese wrestlingMonastery in
Laos or
ThailandVát, a village in
Hungary
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Vát
Value added tax
Value added tax (VAT), or goods and services tax (GST), is
tax on exchanges. It is levied on the added value that results from each exchange. It differs from a
sales tax because a sales tax is levied on the total value of the exchange. For this reason, a VAT is neutral with respect to the number of passages that there are between the producer and the final consumer. A VAT is an
indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer). To avoid double taxation on final consumption, exports (which by definition, are consumed abroad) are usually not subject to VAT and VAT charged under such circumstances is usually refundable.
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VAT
Noun
1. a tax levied on the difference between a commodity's price before taxes and its cost of production
(synonym) value-added tax, ad valorem tax
(hypernym) excise, excise tax
vat
Noun
1. a large open vessel for holding or storing liquids
(synonym) tub
(hypernym) vessel
(hyponym) washtub
vat (het)
n.
barrel, drum, cask; hold, handle, grip
vatten
v.
catch, grasp, understand, comprehend
vat
n.
watt
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