Vat: meaning, definitions and examples

๐Ÿ’ธ
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vat

 

[ vรฆt ]

Noun
Context #1 | Noun

tax

A tax levied on the sale of goods and services, ultimately paid by the consumer.

Synonyms

sales tax, value-added tax

Examples of usage

  • The price of the product includes VAT.
  • VAT is added at the checkout.
Context #2 | Noun

abbreviation

Value Added Tax.

Examples of usage

  • The receipt shows the total amount including VAT.
  • VAT is calculated at 20%.
Context #3 | Noun

Europe

A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale.

Examples of usage

  • In many European countries, VAT rates vary for different products.
  • Businesses need to register for VAT to collect and pay it to the government.

Translations

Translations of the word "vat" in other languages:

๐Ÿ‡ต๐Ÿ‡น IVA

๐Ÿ‡ฎ๐Ÿ‡ณ เคตเฅˆเคŸ

๐Ÿ‡ฉ๐Ÿ‡ช Mehrwertsteuer

๐Ÿ‡ฎ๐Ÿ‡ฉ PPN

๐Ÿ‡บ๐Ÿ‡ฆ ะŸะ”ะ’

๐Ÿ‡ต๐Ÿ‡ฑ VAT

๐Ÿ‡ฏ๐Ÿ‡ต ๆถˆ่ฒป็จŽ

๐Ÿ‡ซ๐Ÿ‡ท TVA

๐Ÿ‡ช๐Ÿ‡ธ IVA

๐Ÿ‡น๐Ÿ‡ท KDV

๐Ÿ‡ฐ๐Ÿ‡ท ๋ถ€๊ฐ€๊ฐ€์น˜์„ธ

๐Ÿ‡ธ๐Ÿ‡ฆ ุถุฑูŠุจุฉ ุงู„ู‚ูŠู…ุฉ ุงู„ู…ุถุงูุฉ

๐Ÿ‡จ๐Ÿ‡ฟ DPH

๐Ÿ‡ธ๐Ÿ‡ฐ DPH

๐Ÿ‡จ๐Ÿ‡ณ ๅขžๅ€ผ็จŽ

๐Ÿ‡ธ๐Ÿ‡ฎ DDV

๐Ÿ‡ฎ๐Ÿ‡ธ VSK

๐Ÿ‡ฐ๐Ÿ‡ฟ าšาšะก

๐Ÿ‡ฌ๐Ÿ‡ช แƒ“แƒฆแƒ’

๐Ÿ‡ฆ๐Ÿ‡ฟ ฦDV

๐Ÿ‡ฒ๐Ÿ‡ฝ IVA

Etymology

The term 'VAT' stands for Value Added Tax and was first introduced in France in the 1950s. The concept of VAT has since been adopted by many countries around the world as a way to tax consumption. VAT is considered a more efficient and equitable way of taxation compared to traditional sales taxes.