Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'value-added tax identification number'?

A. identifier assigned to a taxpayer that enables compulsory financial charges and other levies to be imposed on the taxpayer by a governmental organization in order to fund government spending and various public expenditures
B. tax identifier that identifies a taxable person (business) or non-taxable legal entity for a consumption tax that is assessed incrementally, levied on the price of a product or service at each stage of production, distribution, and sale to the end consumer
C. not-for-profit organization that functions independently of government
D. contract between the principals in a formal organization that specifies the relationship between the principals, and between the principals and the entity

Answer: tax identifier that identifies a taxable person (business) or non-taxable legal entity for a consumption tax that is assessed incrementally, levied on the price of a product or service at each stage of production, distribution, and sale to the end consumer