value-added tax; VAT
Tone colorsmāmámǎmàma
Meanings
1 sense · 4 examplesnoun
value-added tax; VAT
formalA major indirect tax levied on the value added at each stage of production and distribution. In China, VAT is the largest source of government revenue.
Wǒ我
men们
gōng公
sī司
měi每
gè个
yuè月
dōu都
yào要
shēn申
bào报
zēng增
zhí值
shuì税
。
Our company has to file VAT returns every month.
Zēng增
zhí值
shuì税
fā发
piào票
kě可
yǐ以
yòng用
lái来
dǐ抵
kòu扣
shuì税
kuǎn款
。
VAT invoices can be used to deduct tax payments.
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Zhèng政
fǔ府
jiàng降
dī低
le了
zhì制
zào造
yè业
de的
zēng增
zhí值
shuì税
shuì税
lǜ率
。
The government has reduced the VAT rate for the manufacturing industry.
Jìn进
kǒu口
shāng商
pǐn品
xū需
yào要
jiǎo缴
nà纳
zēng增
zhí值
shuì税
hé和
guān关
shuì税
。
Imported goods are subject to VAT and customs duties.