irrecoverable input VAT

irrecoverable input VAT
VAT input tax paid on items acquired in order to produce exempt supplies

Accounting dictionary. 2014.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • input tax — Value added tax paid by a taxable person on purchasing goods or services from a VAT registered trader. The input tax, excluding irrecoverable input VAT, is set against the output tax in order to establish the amount of VAT to be paid to the tax… …   Accounting dictionary

  • input tax — Value added tax paid by a taxable person on purchasing goods or services from a VAT registered trader. The input tax, excluding irrecoverable input VAT, is set against the output tax in order to establish the amount of VAT to be paid to the tax… …   Big dictionary of business and management

  • option to tax — election to waive exemption An irrevocable election made by a landlord to charge value added tax on exempt supplies of buildings (rents). This enables the otherwise irrecoverable input VAT on costs relating to the property to be reclaimed by the… …   Accounting dictionary

  • Н — Наблюдаемые входные данные — см .Ненаблюдаемые входные данные Наблюдатель [ analyst, observer] Наблюдение экономических явлений [economic observation] Наблюдения [observations] …   Экономико-математический словарь

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