MLchartDataset catalogue

Value-added Tax (VAT)

Term · Logistics and supply chain · MLC-T-LOG-000233

A consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The end consumer ultimately pays the tax, but businesses collect it on behalf of the government. This tax is widely used globally, with rates varying significantly by country and product category.

Table 1. Record
IdentifierMLC-T-LOG-000233
FieldLogistics and supply chain
AbbreviationVAT
Record as JSON 
{
  "id": "MLC-T-LOG-000233",
  "term": "Value-added Tax (VAT)",
  "field": "Logistics and supply chain",
  "definition": "A consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The end consumer ultimately pays the tax, but businesses collect it on behalf of the government. This tax is widely used globally, with rates varying significantly by country and product category.",
  "abbreviation": "VAT",
  "url": "https://mlchart.com/terminology/logistics/value-added-tax-vat/"
}

Record 246 of 256 in Logistics and supply chain terminology (MLC-0105). Request the full dataset.