Definition
Value Added Tax. A consumption tax which is levied at each stage of production based on the value added to the product at that stage.
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'VAT' appears in these other terms:
Vatican City Lira, Vanuatu Vatu
'VAT' appears in the definitions of these other terms on BusinessDictionary.com: output tax, ad valorem tax, business tax, input tax, point of sale (POS), and 
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