See Also: Value added(finance)
Value-added tax (VAT)(finance)
Value-added tax(finance)
value-added tax (VAT)(encyclopedia)
added(dictionary)
value-added tax(dictionary)
Value-added tax(money)
Value Added(money)
Value Added Tax(money)
Added Value(money)

Value added tax (tourism)


Value added tax or VAT means a form of taxation through which taxes are added cumulatively as a product changes hands. It is a common tax in Europe and, upon application, can often be refunded to foreign visitors after their visit.