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Glossary > V > "Value-added tax" Definition

Value-added tax

Method of indirect taxation whereby a tax is levied at each stage of production on the value added at that specific stage.

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Value-added tax - Method of indirect taxation whereby a tax is levied at each stage of production on the value added at that specific stage.

Value-added tax : method of indirect taxation whereby a tax is levied at each stage of production on the value added at that specific stage.