Home > Term: input VAT
input VAT
A tax paid by a VAT-registered business that can be recovered. The VAT charged by a business is called output VAT. Input VAT is deducted from the ouput VAT on a return. The balance is then paid or reclaimed through customs and excise.
- Jenis Kata: noun
- Industri / Domain: Perangkat lunak
- Kategori: Erp
- Company: SAP
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