value-added tax
noun
: an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production and distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer
Examples of value-added tax in a Sentence
Recent Examples on the Web
The various Indian state governments earn a big portion of their revenue from excise and value-added tax on alcoholic drinks.
—
Mimansa Verma, Quartz, 10 Nov. 2022
Lord De La Warr paid $179,255 for it (including buyer’s premium and value-added tax) after it was originally estimated to go for between $54,000 and $81,000 by Summers Place Auctions.
—Téa Kvetenadze, Forbes, 7 Oct. 2021
In the 18 months of the pandemic, more than half of the revenue for local governments have come from property, as corporate-income and value-added tax receipts declined.
—John Lee, WSJ, 6 Oct. 2021
Under the region’s customs union, imports of pasta face a tariff of 20% and also value-added tax of 15%.
—The Economist, 15 Mar. 2018
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Mimansa Verma, Quartz, 10 Nov. 2022
Lord De La Warr paid $179,255 for it (including buyer’s premium and value-added tax) after it was originally estimated to go for between $54,000 and $81,000 by Summers Place Auctions.
—Téa Kvetenadze, Forbes, 7 Oct. 2021
In the 18 months of the pandemic, more than half of the revenue for local governments have come from property, as corporate-income and value-added tax receipts declined.
—John Lee, WSJ, 6 Oct. 2021
Under the region’s customs union, imports of pasta face a tariff of 20% and also value-added tax of 15%.
—The Economist, 15 Mar. 2018
Cite this Entry
“Value-added tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/value-added%20tax. Accessed 31 Oct. 2025.
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