value-added tax Meaning in the Cambridge English Dictionary
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Meaning of “value-added tax” in the English Dictionary

"value-added tax" in Business English

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value-added taxnoun [C or U ]

(also value added tax) uk   us   TAX
→  VAT : There is no ​value-addedtax on ​food and ​medicine. Imported ​chips are ​subject to a ​value-addedtax of 17%.
(Definition of value-added tax from the Cambridge Business English Dictionary © Cambridge University Press)
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