VAT


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VAT

in Britain
value-added tax: a tax levied on the difference between the cost of materials and the selling price of a commodity or service
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

VAT

Abbr. forVinyl-asbestos tile.

wat, vat

Buddhist monastery in Cambodia.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.

VAT

The target threshold speed. The scheduled speed at the threshold for landing in relatively favorable conditions. It is usually the speed at a screen height of 30 ft (10 m) after a steady stable approach at a glide-slope of not less than 3°.
An Illustrated Dictionary of Aviation Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved
References in periodicals archive ?
In absolute terms, the highest VAT Gap of around e1/433.5 billion was in Italy.
As early as 1989, in Revenue Regulation (RR) 9-89, the BIR issued guidelines on the proper treatment of unutilized input VAT arising from zero-rated sales.
'We would like to make it clear that the VAT will not be imposed on the income of drivers of the ride-sharing services," he said.
Analysts expect that VAT revenues will further increase in 2019 as companies analyse their incomes, expenses and IT systems to ensure that correct VAT has been paid.
After the registration, businesses need to provide information with regard to 'VAT on Sales' and 'VAT on Purchases' in the VAT return form.
Opening additional accounting general ledgers to capture payable and receivable VAT is critical.
Class 1: From P17.00 (VAT inclusive) to P17.00 (rounded off from authorized P17.34)
Reciprocity is a key condition for VAT refund under this procedure, whereby the FTA will collaborate with countries that refund VAT for UAE businesses visiting their territories.
Case in point being the recent investigation, which was initiated on a complaint that VAT was collected by a supplier without taking VAT registration.
* Consumers are reminded that all registered vendors are legally required to display their VAT registration certificate, which includes vendors' Commercial Registration number and their VAT registration date, prior to levying the 5% VAT.
As the United States carries out international acquisition efforts, it is imperative that we seek VAT exemption from foreign countries in order to save or avoid unnecessary costs.