Test your vocabulary with our 10-question quiz!
TAKE THE QUIZ“added tax”
We have one entry that includes the term added tax.
value-added tax
noun: an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production and distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer
Love words? Need even more definitions?
Merriam-Webster unabridged