What is input VAT?

Output VAT is the value added tax you calculate and charge on your own sales of goods and services if you are registered in the VAT Register. Output VAT must be calculated on sales both to other businesses and to ordinary consumers. VAT on sales between businesses must be specified in a sales document. read more

Input VAT is the value-added tax, which is added to the price when you purchase goods or services that are liable to VAT. If the buyer is VAT-registered, the buyer can deduct the amount of VAT paid from his/her settlement with the tax authorities. read more

Input VAT is the value added tax added to the price when you purchase goods or services liable to VAT. If the buyer is registered in the VAT Register, the buyer can deduct the amount of VAT paid from his/her settlement with the tax authorities. read more