input tax
noun[CorU]
ACCOUNTING,TAXukusataxthat isaddedtogoodsandservicesthat abusinessbuysto makeitsowngoodsorprovideitsownservices:
TheVATtribunalheldthat thecompanycoulddeducttheinputtaxpaidontransportationcosts.
Compare
output tax
See also
VAT
Examplesofinput tax
input tax
While the former category of dealers are eligible forinputtaxcredit, the latter category of dealers are not.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It has simplified the registration procedures and provides for across the boardinputtaxcredit (with a few exceptions) for business transactions.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Deductibleinputtaxis the value-added tax which the entrepreneur has been charged by other business entities.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The amount payable is the value-added tax it has invoiced, minus any amounts of deductibleinputtax.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Some supplies are zero-rated (exempt with a credit forinputtax).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The difference between output tax andinputtaxis paid to the government (or a refund is claimed, in the case of negative liability).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Further, the denial ofinputtaxcredit on inter-state sales and inter state transfers would affect free flow of goods.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.An increasedinputtaxdoes not impact a risk-neutral firm's location decision.
From theCambridge English Corpus
An augmented cost of the abatement,inputtax, or emission tax causes the risk-averse firm to locate closer to the output market.
From theCambridge English Corpus
For theinputtaxmethod to be an efficient alternative, however, the quality and quantity of the base had to be easily observable.
From theCambridge English Corpus
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