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value-added tax

NOUN
indirect tax
Synonyms


Example Sentences

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By reducing the value-added tax rate to zero from 5%, Mr. Burnham says he’ll save the average household the princely sum of $60 a year starting in October.

From The Wall Street Journal ● Jul. 23, 2026

Consumers must now pay a 13 percent value-added tax for contraception including condoms, after Beijing removed exemptions on the products from January 1.

From Barron's ● Jan. 5, 2026

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 ● Oct. 4, 2025

The ruling means Walkers, the company that makes poppadoms and dozens of other snack foods, will have to pay the same value-added tax on its poppadoms as it does on its various crisps.

From New York Times ● Jan. 24, 2024

A value-added tax, introduced in 1999, launched the   government's comprehensive tax reform program.

From The 2001 CIA World Factbook by United States. Central Intelligence Agency




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