virðisaukaskattur
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Icelandic
Etymology
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".
Noun
virðisaukaskattur m (genitive singular virðisaukaskatts, no plural) (abbreviation: VASK or VSK)