Value Added Tax (VAT) 1 : A form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate customer
SC Transgor Logistik SRL, International Transport and Eastern Europe Freight Forwarding, Freight Forwarding, Logistics & Transport Glossary, Tomesti, Iasi, Romania 2012. http://www.transgor.ro/wp-content/uploads/2012/05/ termeni-logistici.pdf, (Log - Brit) {573}