VAT 1
noundomain: possession
Princeton WordNet [ver.3.1]
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EnglishDefinition
a tax levied on the difference between a commodity's price before taxes and its cost of production
Synonyms
- value-added tax 1
a tax levied on the difference between a commodity's price before taxes and its cost of production
- ad valorem tax 1
a tax levied on the difference between a commodity's price before taxes and its cost of production
