- input tax credit
- (ANZ) Finan amount paid as Goods and Services Tax on supplies purchased for business purposes, which can be offset against Goods and Services Tax collected
The ultimate business dictionary. 2015.
input tax credit
Look at other dictionaries:
input tax credit — noun a tax credit for all GST paid on inputs involved in the production and sale of taxable goods and services …
input tax credits — you are entitled to an input tax credit for the GST included in the price you pay for an acquisition or the GST paid for an importation if it is for use in your enterprise. Glossary of Business Terms … Financial and business terms
tax invoice — a document generally issued by the supplier; It shows the price of a supply, indicating whether it includes GST, and may show the amount of GST. It must show other information, including the ABN of the supplier. You must have a tax invoice before … Financial and business terms
Tax compliance solutions — Tax compliance solution is a generic term used to describe the available softwares to perform tax compliance for income tax, corporate tax, VAT, service tax, customs, sales tax, use tax, etc. The solution automatically calculates your complete… … Wikipedia
Tax — Taxation An aspect of fiscal policy … Wikipedia
Value added tax — Taxation An aspect of fiscal policy … Wikipedia
Value Added Tax in Madhya Pradesh — MADHYA PRADESH VALUE ADDED TAX ACTVAT Tax payable on value addition. Value Addition is not profit it is difference between sale prices and purchase price.METHODS OF CHARGING VAT1. Subtraction Method In this method tax is charged on difference of… … Wikipedia
European Union Value Added Tax — The European Union Value Added Tax ( EU VAT ) is the system of value added tax ( VAT ) adopted by member states in the European Union Value Added Tax Area. The European Union itself does not collect the tax, but member states of the European… … Wikipedia
Russian Tax Code — The Russian Tax Code is the primary tax law for the Russian Federation. The Code was created, adopted and implemented in three stages. Part One, enacted July 31, 1998, also referred to as General Part , regulates relationships between taxpayers,… … Wikipedia
Goods and Services Tax (Hong Kong) — Goods and Services Tax (GST) was a proposed Value Added Tax in Hong Kong. Consultation over a period of nine months was launched on 2006 07 19 and stirred considerable controversy.It launched a fierce debate amongst local taxpayers, lawmakers,… … Wikipedia
Hire purchase — (abbreviated HP) is the legal term for a contract, in this persons usually agree to pay for goods in parts or a percentage at a time. It was developed in the United Kingdom and can now be found in China, Japan, Malaysia, India, South Africa,… … Wikipedia
