A tax charged by the seller.
An application for refund of the deductible part of the input tax can be submitted to the tax authorities.
A tax paid by a VAT-registered business that can be reclaimed.
The VAT invoiced by a business is called output VAT. Input VAT is deducted from output VAT in a tax return. The
The balance is then paid or reclaimed through customs and excise duties.
Finance in SAP Business One
Financial accounting in SAP Business One contains the entries that are required by law and enriches them with ...
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