Vat
VAT (Value Added Tax) is a consumption tax levied on goods and services at each stage of production and distribution, ultimately borne by the end consumer. It is critical for businesses to accurately track and manage VAT as it impacts pricing, profitability, and cash flow. Proper accounting for VAT on sales and purchases ensures compliance with tax regulations, allowing for accurate remittance or reclaim with tax authorities, directly affecting invoicing, ledger entries, and financial reporting.
Translations
| Language | Code | Translation |
|---|---|---|
| English | en | Vat |
| Deutsch | de | USt. |
| Français | fr | TVA |
| Italiano | it | IVA |
| Português (BR) | pt-BR | ICMS |
| Svenska | sv | Moms |
| Norsk | no | MVA |
| Dansk | da | Moms |
| Suomi | fi | ALV |
| Nederlands | nl | BTW |
| Polski | pl | NIP |
| Română | ro | TVA |
| Magyar | hu | Adószám |
| Bahasa Indonesia | id | PPN |
| Tiếng Việt | vi | Mã số thuế |
| 日本語 | ja | VAT（Value Added Tax） |
| 한국어 | ko | 부가가치세 |
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