FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R7jtlY9NSkzZRtDZ9hi8kmo
Label Output VAT Payment
Preferred Label Collected VAT
Identifier N/A
Alternative Labels
Output Tax Liability Sales VAT Remittance

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.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

None

Parent Class Of 0

  • • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available