value-added tax

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Related to Added-Value Tax: flat 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

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
This includes the transformation into an added-value tax from sales tax, issuing the law's executive regulation, the application of a tax deduction system instead of increasing the limit for exemption to give the highest level of tax justice for all segments, and the implementation of tax incentives through the new Investment Law, instead of the exemptions linked to the neediest areas that show high unemployment rates which are usually given to stimulate investors.
KUWAIT, May 2 (KUNA) -- The Gulf Cooperation Council (GCC) member states are most likely to apply the added-value tax law between 2018 and 2019, expected an accounting expert on Monday.
Salman added that the government seeks to fix taxation policies during the next ten years, assuring that the draft law of added-value tax will be put for dialogue soon.