value-added tax


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  • noun

Synonyms for value-added tax

a tax levied on the difference between a commodity's price before taxes and its cost of production

References in periodicals archive ?
under the concession agreement shall not be subject to income tax and value-added tax (VAT).
The head of VAT at KPMG in Saudi Arabia highlighted the key features of the application of value-added tax, using several practical examples to encourage taxpayers to analyse their transactions in sufficient detail to ensure that VAT is applied correctly and, where there is doubt, seek support and clarification.
Will motorists have to pay 5 per cent value-added tax (VAT) when they pay traffic fines in Dubai?
The Lebanese Business Council in Dubai and Northern Emirates in Dubai held a seminar covering the introduction of the value-added tax in the GCC, in a tie up with Deloitte Tax practice the Middle East.
Bassam Dahman, Managing Partner, RSM UAE said, "We are extremely pleased to host the VAT event here in the UAE, where GCC's biggest companies are bracing themselves for the introduction of value-added tax (VAT).
Furthermore, the government expects an increase in sales tax revenue by EGP 30bn this fiscal year, compared to last year, as a result of implementing a value-added tax.
Moreover, Director of Union Investment Companies (UIC) Fadwa Darwish described the lecture as a preparatory measure that would assist the financial market in dealing with a looming Cabinet approved law that would impose a 10% corporate tax, in addition to a 5% value-added tax.
by Abasin Zaheer on 16 April, 2014 - 17:31 KABUL (Pajhwok): By a majority vote, the Wolesi Jirga or the lower house of parliament on Wednesday approved a law on value-added tax aimed at increasing the government's revenues in the face of reducing foreign aid.
China's new Value-Added Tax reform has extended nationwide since earlier this month, causing considerable reaction from the international shipping sector.
The bank said that it would not ask the Belgian government to reimburse about EUR70m of value-added tax connected to a 2009 emission-permits fraud.
Representatives from all business sectors cautioned that the hike in the value-added tax in Bulgaria should be a last-ditch measure, introduced only together with an overhaul in government expenditure and structural reforms.
Summary: President Michel Sleiman has signed a draft law to raise the salaries of Lebanese University professors, as well as one to exempt diesel from the value-added tax.
Amendment on the Law on Value Added Tax of the Republic of Lithuania concerning the increase of a limit, when a person is obliged to register as a value-added tax payer, has entered into effect from January 1, 2012.
WASHINGTON -- As federal lawmakers consider ways to reduce the deficit, the National Retail Federation (NRF) warns that a value-added tax should remain off the table.
A value-added tax increase deterred policy makers from fighting the recession.
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