VALUE ADDED TAX Definition

Bookmark and Share

VALUE ADDED TAX is a consumption tax where taxes are levied at each step of a manufacturing process where value is added to that product at that point in the manufacturing cycle; as well as at the point where the consumer purchases the end product.

Learn new Accounting Terms

GMROI is an acronym for Gross Margin Return On Investment (retail).

REAUDIT is when an auditor is asked to audit and report on financial statements
that have been previously audited and reported upon.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.