What does VAT mean in Companies & Firms?

This page is about the meanings of the acronym/abbreviation/shorthand VAT in the Business field in general and in the Companies & Firms terminology in particular.

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Definition

What does VAT mean?

VAT, value-added tax, ad valorem tax(noun)
a tax levied on the difference between a commodity's price before taxes and its cost of production

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"VAT." Abbreviations.com. STANDS4 LLC, 2015. Web. 29 May 2015. <http://www.abbreviations.com/term/226581>.