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value added tax

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
See: ad valorem


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Revenues from the value added tax (VAT) on imports, which represent over 60% of the total Customs revenues, went up by nearly DZD 22bn, from DZD 212.
Responding to a question, the Chairman FBR said that the work on process Value Added Tax (VAT) was underway as efforts to impose tax on shopkeepers were failed in the past.
Also, Erdogan said that the government had taken several measures after the global economic crisis erupted, and enumerated some of them as the Value Added Tax (VAT) and luxurious consumption tax rates cut, limit on employment loss and helping unemployed citizens make use of opportunities of the labor agency, and providing small and medium scale enterprises with low-interest loans.
 
 
 
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