value added tax

== English == === Alternative forms === value-added tax === Pronunciation === === Noun === value added tax (plural value added taxes) (taxation) A tax levied on the added value that results from the exchange of goods and services. Alternative form: VAT (initialism) Synonyms: goods and services tax, GST (Australia, Canada, India, New Zealand, Singapore) Hypernym: tax Coordinate terms: sales tax; excise tax, duty; income tax ==== Related terms ==== ==== Translations ==== === Further reading === value added tax on Wikipedia.Wikipedia