Glossary


E | V

E

Europe, Middle East, and Africa (EMEA)
A regional designation used for government, marketing and business purposes for countries in Europe, the Middle East, and Africa.

V

value-added tax (VAT)
An indirect tax on consumer expenditures that is collected on business transactions and imported goods. Value-added tax (VAT) is added to products at each stage of their production. If customers are registered for VAT and use the supplies for taxable business purposes, then they typically receive credit for the VAT that is paid.