virðisaukaskattur

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IcelandicEdit

 
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EtymologyEdit

From virðisauka(of value added, of added value), the genitive of virðisauki(value added, added value) + skattur(a tax). Literally "value-added tax" or "tax of added value".

NounEdit

virðisaukaskattur m ‎(genitive singular virðisaukaskatts, no plural) (abbreviation: VASK or VSK)

  1. (taxation) VAT, value-added tax

Related termsEdit