Back to Glossary

Modified Value Added Tax (VAT)

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z

Modified VAT is a tax on the value added to a good or service after its manufacture or production. Modified VAT is charged at different rates depending on where the good or service is consumed.