Value Added Tax (VAT) definition

Value Added Tax (VAT) means a tax imposed on a wide variety of products (domestic and imported), based on the value added at each stage of production or distribution;
Value Added Tax (VAT) means value added tax chargeable under the Value Added Tax Xxx 0000, and any similar or equivalent tax imposed in the United Kingdom or any other jurisdiction.
Value Added Tax (VAT) means the Value Added Tax or VAT (Umsatzsteuer) described in Clause 9.4. SCHEDULE 1.4 Eurex Release 4.1 Change Requests as of 18 July 2000

Examples of Value Added Tax (VAT) in a sentence

  • The borrower may apply to the lender for the issuance of a Value Added Tax (VAT) invoice (ordinary VAT invoice) once the lender confirms receipt of the payment.

  • Item FINANCIAL ASPECTS (B10) Statutory taxes, duties and levies (B10.1) Provision is made in the Final Summary of these Bills of Quantities for the inclusion of Value Added Tax (VAT).


More Definitions of Value Added Tax (VAT)

Value Added Tax (VAT) means the Value Added Tax or VAT (Umsatzsteuer) described in Clause 9.4. Final Version of Schedules to the Systems Operations Agreement Schedule 1.4
Value Added Tax (VAT) means any value added tax or similar tax payable to any authority in respect of transactions and includes, but without limitation, any other form of taxation that maybe applicable to this Agreement.
Value Added Tax (VAT). , as used in this provision, means the number required by the IRS to be used by the offeror in reporting income tax and other returns. The VAT may be either a Social Security Number or an Employer Identification Number.
Value Added Tax (VAT). Means of transport For VAT purposes, “means of transport” shall be regarded motorised land vehicles the capacity of which exceeds 48cc or the power of which exceeds 7,2KW that are intended for the transport of persons or goods. a. Motor cars imported from third countries Importation of motor cars intended for the transport of persons is subject to VAT, the standard rate of which is 24%. The taxable value is the value for customs purposes increased by the amount of duties, taxes, levies and other charges due outside Greece, those due by reason of importation (excluding the registration tax and the VAT to be levied) as well as the incidental expenses, such as commission, brokering, interest, packing, loading, unloading, insurance and transport costs, incured up to the first place of destination and provided that they are not included in the customs value. b. Motor cars coming from E.U countries New motor cars are subject to VAT, the standard rate of which is 24%. In accordance with the VAT provisions, motor cars shall be regarded as “new” where the supply (sale) takes place within six months of the date of their first entry into service or where the vehicles have travelled for no more than 6.000 kilometres. The taxable value is the purchase price of the car (invoice price) increased by any other provision or any other expenses directly related to this purchase, that are incurred by the supplier of the car to the buyer, as well as other taxes levied for the State or parafiscal charges (excluding the registration tax and the VAT to be levied). As regards new motor cars, where VAT has been also paid in the MS of purchase, the buyer, upon request, can receive from the Greek Customs Office a certificate of VAT paid, so as to make a VAT refund request in the MS of purchase (if a VAT refund procedure is provided for by the other MS’s national legislation). For used motor cars, VAT is not paid in Greece but in the MS of purchase. In accordance with any VAT provisions, motor cars shall be regarded as “used”, if at the time of their supply (sale) to an individual they have travelled more than 6.000 Kilometres and more than 6 months have passed since their initial registration. In case the seller is an individual person (permanent EU resident) and a private contract is drawn up, this endorsed by the Greek Consulate in the MS where the car was purchased in the presence of the buyer. DOCUMENTS Inductively, the necessary documents, which have to be produced during clearin...
Value Added Tax (VAT) means a tax imposed on a wide variety of products
Value Added Tax (VAT) means the tax which is levied on all goods and services procured by the College, except for certain essential items (such as food and essential drugs etc.). Unlike some organisations, the College is unable to reclaim V.A.T. and therefore, when calculating the cost of goods and services to be procured, V.A.T. must be included in all totals.
Value Added Tax (VAT) means tax applicable under Council Directive 2006/112/EC or any similar or equivalent indirect tax system operated outside of the European Union and any sales, purchase or turnover tax in any applicable jurisdiction.