Glossary entry

Spanish term or phrase:

el IVA soportado sobre el IVA repercutido por la Acreditada

English translation:

difference between the VAT paid and the VAT deducted by the borrower / difference between the output

Sep 7, 2006 12:38
18 yrs ago
5 viewers *
Spanish term

el IVA soportado sobre el IVA repercutido por la Acreditada

Spanish to English Bus/Financial Law: Taxation & Customs VAT
se compromete a (...) adoptar las medidas necesarias para obtener en el menor plazo de tiempo posible la devolución del exceso del IVA soportado sobre el IVA repercutido por la Acreditada correspondiente a los ejercicios durante los que se encuentre este Contrato en vigor y los ya transcurridos

can anybody explain this? VAT on VAT? charged to/by whom?

Proposed translations

+1
7 mins
Selected

difference between the VAT paid and the VAT deducted by the borrower / difference between the output

The difference between the output tax you collect and the input tax you pay

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Note added at 11 minutos (2006-09-07 12:50:11 GMT)
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También: Diference between "VAT receivable" and "VAT payable"..




DOC] SIE@GLASGOW BRIEFINGSFile Format: Microsoft Word - View as HTML
The difference between the output tax you collect and the input tax you pay is ... The main advantage is that no VAT is paid on a sale until you have been ...
www.sies.org.uk/guides/taxandni.doc - Similar pages


Value-Added Tax - THE VAT ASSESSMENT PROCESS, HISTORY OF VALUE ...A VAT is levied on the difference between the purchase cost of an asset and the ... which allows gradual deduction of VAT paid on capital purchases over a ...
www.referenceforbusiness.com/management/Tr-Z/Value-Added-Ta... - 30k - Cached - Similar pages

Udskrift af More useful information on VAT in DenmarkThe difference between "VAT receivable" and "VAT payable" is the VAT due and must be paid to the Central Customs and Tax Administration via a declaration. ...
www.skat.dk/display.aspx?oID=151901&vID=200097&indhold=1 - 13k - Cached - Similar pages


Peer comment(s):

agree Adrian MM. (X)
2 days 20 hrs
Many thanks Tom
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4 KudoZ points awarded for this answer.
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