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

OFFSETTING ENTRY see OFFSET.

IAS is Institute of Asset Management (UK).

Suggest a Term

Enter Search Term

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