{"iri":"https://folio.openlegalstandard.org/R7jtlY9NSkzZRtDZ9hi8kmo","label":"Output VAT Payment","sub_class_of":["https://folio.openlegalstandard.org/RBpPod3eNjfLujqcKrmjwq9"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Collected VAT","alternative_labels":["Output Tax Liability","Sales VAT Remittance"],"translations":{},"hidden_label":null,"definition":"Output VAT Payment refers to the Value Added Tax that a business collects on its sales of goods and services. This tax is remitted to the government after offsetting any Input VAT, ensuring businesses pay VAT only on the value they add to the products or services.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}