| 单词 | value-added tax |
| 释义 | value-added tax also value added tax uncountable noun Value-added tax is a tax that is added to the price of goods or services. The abbreviation VAT is also used. [British]value-added tax in British Englishnoun (in Britain) the full name for VAT value-added tax in American English (ˈvæljuˈædəd) a form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate consumer |
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