Definition
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增值税
zēngzhí shuì
增值税是对商品或服务在生产和销售过程中所增加的价值征收的一种税。
Value-added tax (VAT) is a tax levied on the value added to goods or services during production and sales.
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在中国,增值税的标准税率是13%。
Zài Zhōngguó, zēngzhí shuì de biāozhǔn shuìlǜ shì 13%.
In China, the standard VAT rate is 13%.
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商家必须在销售产品时征收增值税。
Shāngjiā bìxū zài xiāoshòu chǎnpǐn shí zhēngshōu zēngzhí shuì.
Merchants must collect VAT when selling products.
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增值税是国家财政收入的重要组成部分。
Zēngzhí shuì shì guójiā cáizhèng shōurù de zhòngyào zǔchéng bùfen.
VAT is an important part of national fiscal revenue.