Portuguese translation: Imposto sobre o valor acrescentado
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Explanation: Just one more explanation about this tax.
IVA or VAT (Value-added tax) is a tax existing in the European Union countries charged over goods ans services. The tax is added to the price of an article or a service and paid by the buyer to the seller, who then pays tothe government.
Jorge Freire Local time: 02:50 Native speaker of: Portuguese PRO pts in pair: 304