also: バット · ブイエーティー
noun
value-added tax; VAT
Refers to the consumption tax system used in many countries; in Japanese contexts, it often specifically means the EU-style VAT as opposed to Japan's own consumption tax (消費税).
See also: 付加価値税
イギリスではＶＡＴが２０％かかる。
In the UK, VAT is charged at 20%.
この価格にはＶＡＴが含まれています。
This price includes VAT.
付加価値税 is the full Japanese translation of 'value-added tax', but the abbreviation ＶＡＴ is far more common in practical use.
Abbreviation of English 'value-added tax', borrowed directly into Japanese as a loanword.