value-added tax

1. 1.

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

   SynonymsVATad valorem tax

   Broaderexcise

Questions about value-added tax

What does value-added tax mean?

value-added tax means "a tax levied on the difference between a commodity's price before taxes and its cost of production".

What is another word for value-added tax?

Close synonyms include VAT, ad valorem tax. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is value-added tax a common word?

value-added tax is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.