{i} tax that is added on to the value of a product when it is manufactured and is paid by the customer at the time of purchase
VAT is a tax that is added to the price of goods or services. VAT is an abbreviation for `value added tax'. A vat is a large barrel or tank in which liquids can be stored. value-added tax. Vatican. To put into or treat in a vat. value added tax a tax added to the price of goods and services in Britain and the EU. a very large container for storing liquids in
(Ticaret) (value added tax) 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