Yes, it was on the Google check stub. StarLab was right, it does stand for Value Added Tax. Here is the explaination I found:
Quote:
A VAT (Value Added Tax) is sort of like a goods tax for European businesses.
That note is probably just a general announcement to all Adsense accounts.
It doesn't apply to you if you're in the U.S.
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So I'm not going to worry about it.