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Definitions

value-added tax

NOUN
indirect tax
Synonyms


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Ghana has abolished its Covid-19 "Health Recovery Levy" and reduced its value-added tax in a bid to bolster economic growth, the government said Thursday.

From Barron's

Retail investors are no longer able to offset value-added tax when selling gold bought from the Shanghai Gold Exchange, the analysts add.

From The Wall Street Journal

New art galleries are opening, encouraged by Italy’s recent decision to reduce value-added tax on art sales and imports from 22% to 5%, one of the lowest rates in the European Union.

From The Wall Street Journal

India has driven more of the economy into the formal sector, for instance by enacting a goods and services tax like Europe’s value-added tax, allowing more revenue to be extracted from more people and businesses.

From Seattle Times

India has driven more of the economy into the formal sector, for instance by enacting a Goods and Services Tax like Europe’s value-added tax, allowing more revenue to be extracted from more people and businesses.

From New York Times