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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Noun
1. a tax levied on the difference between a commodity's price before taxes and its cost of production
(synonym) VAT, ad valorem tax
(hypernym) excise, excise tax

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

Value-added tax
(Econ) Thuế Giá trị gia tăng.+ Về mặt khái nịêm đây là loại thuế dựa trên giá trị gia tăng trong một quốc gia.
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value added tax
danh từ VAT thuế giá trị gia tăng (thuế đánh vào sự tăng giá trị của một sản phẩm ở mỗi giai đoạn sản xuất)
(C) 2007 www.TừĐiểnTiếngViệt.net