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Explanation: According to the VAT Law, taxpayers have the right to reduce their
amount of output VAT (i.e. the VAT charged by the taxpayer on the
sale of goods or services) by the amount of input VAT charged on
the acquisition of goods and services. The reduction can be made
exclusively by the amount of input VAT charged on the purchases
relating to VAT-able sales.
According to the VAT Law, taxpayers have the right to reduce their