value added tax

English - Turkish

Definition of value added tax in English Turkish dictionary

kıymet artış vergisi

katma değer vergisi

değer katkı vergisi

Related Terms

added value tax

(Ticaret) katma değer vergisi

value added(tax)

(Sosyoloji, Toplumbilim) katma değer (vergisi)

English - English

Definition of value added tax in English English dictionary

A tax levied on the added value that results from the exchange of goods and services

tax that is added to the value of a product at the time of manufacture and paid by the customer at the time of purchase

An indirect tax on consumption levied at each discrete point in the chain of production and distribution, from raw material to end use Each processor or merchant pays a tax proportional to the amount by which they increase the value of the goods purchased for resale after making their own contribution The VAT is imposed through the European Community

An indirect tax on consumption that is assessed on the increased value of goods at each discrete point in the chain of production and distribution, from the raw material stage to final consumption The tax on processors or merchants is levied on the amount by which they increase the value of items they purchase and resell

An indirect consumption tax levied on imported goods in certain countries

A general consumption tax for the production and distribution of goods and services, added as a percentage charge based on price that reflects the incremental value added by a given activity

A form of taxation in which taxes are added cumulatively as a product changes hands A common tax in Europe, which, upon application, can often be refunded to foreign visitors after their visit

A tax which must be charged by VAT registered businesses on goods and services which they supply VAT is administered by HM Customs and Excise, not the Inland Revenue Registered businesses must pay to HM Customs and Excise any VAT that they charge on their sales (outputs), but can normally deduct VAT they have paid on goods purchased for the business (inputs)

(Ticaret) (VAT) A general consumption tax for the production and distribution of goods and services, added as a percentage charge based on price that reflects the incremental value added by a given activity

Abbreviation: VAT A form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate customer

An indirect tax payable by adding it onto the value of most goods and services

vat

A European Community (EC) tax assessed on the increased value of goods as they pass from the raw material stage through the production process to final consumption The tax on processors or merchants is levied on the amount by which they increase the value of items they purchase The EC charges a tax equivalent to the value added to imports and rebates value-added taxes on exports Some other countries' retail sales tax also called VAT, such as Taiwan

A tax levied on firms engaged in any phase of the production or manufacture of goods and based on the incremental value added by the firm to the goods

An indirect tax assessed on the increase in value of goods from the raw material stage through the production process to final consumption The tax to each processor or merchant is levied on the amount by which the merchant has increased the value of items purchased for resale

An indirect tax on consumption that is assessed on the increased value of goods at each point in the chain of production and distribution, from the raw material stage to final consumption The tax on processors or merchants is levied on the amount by which they increase the value of the items they purchase and resell

A type of national sales tax collected at each stage of production or sale of consumption goods, and levied in proportion to the value added during that stage

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

Tax added onto a product during each step of production, from raw material to finished good

An indirect tax on consumption that is levied at each discrete point in the chain of production and distribution, from the raw material stage to final consumption Each processor or merchant pays a tax proportional to the amount by which he increases the value or marks up the goods he purchases for resale

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

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

Value-added tax is a tax that is added to the price of goods or services. The abbreviation VAT is also used. A tax on the estimated market value added to a product or material at each stage of its manufacture or distribution, ultimately passed on to the consumer. vat. Government levy on the amount a firm adds to the price of a goods or services as value is added that is, at each step of their production and distribution. In the most common method of calculation, the seller subtracts the sum of taxes paid on items being purchased from the sum of all taxes that have been collected on the items being sold; the net tax liability is the difference between the tax collected and the tax paid. The burden of the value-added tax, like that of other sales taxes, tends to be passed on to the consumer. To limit the VAT's regressiveness, most countries set lower rates for consumer necessities than for luxury items. In 1954 France became the first country to adopt the value-added tax on a large scale. Though complex to calculate, the tax served as an improvement on earlier systems by which a product was taxed repeatedly at every stage of production and distribution. It has since been adopted throughout much of Europe and in many countries in South America, Asia, and Africa. All European Union member countries have a VAT. See also regressive tax

levy imposed on businesses at all levels of production of a good or service, and based on the increase in price, or value, added to the good or service by each level

a tax based on the amount by which value has been added to a product at each stage of production

a sales tax collected at each stage of production, excluding the already-taxed costs from previous stages

A tax imposed on value added, that is, on the difference between the cost of materials purchased by a firm and the price for which it sells goods produced using those materials

A tax applied to the additional value created at a given stage of production and calculated as a percentage of the difference between the product value at that stage and the cost of all materials and services purchased or introduced as inputs

Taxes are paid by a taxpayer only on the value added to a good

Hyphenation

val·ue added tax

Turkish pronunciation

välyu ädıd täks

Synonyms

goods and services tax, gst

Pronunciation

/ˈvalyo͞o ˈadəd ˈtaks/ /ˈvæljuː ˈædəd ˈtæks/

Etymology

[ 'val-(")yü ] (noun.) 14th century. Middle English, from Middle French, from Vulgar Latin valuta, from feminine of valutus, past participle of Latin valEre to be worth, be strong; more at WIELD.