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value-added tax

/ˈvæljuː ˈædɪd tæks/

1 entry

phrase

/ˈvæljuː ˈædɪd tæks/C1formalbusiness
  • ruНалог на потребление, взимаемый с добавленной стоимости товаров и услуг на каждом этапе производства или распределения, который в конечном итоге оплачивается конечным потребителем.

A consumption tax levied on the value added to goods and services at each stage of production or distribution, ultimately paid by the end consumer.

  1. Consumption taxB2formal

    A type of indirect tax imposed on the value added to goods and services at each stage of production or distribution.

    ruНалог на потребление

    • The price includes a 20% value-added tax.
    • Businesses must register for VAT if their turnover exceeds the threshold.
    • The government increased the value-added tax to boost revenue.