# Output VAT Payment

**IRI:** https://folio.openlegalstandard.org/R7jtlY9NSkzZRtDZ9hi8kmo

## Labels

**Preferred Label:** Collected VAT

**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.

## Sub Class Of

- https://folio.openlegalstandard.org/RBpPod3eNjfLujqcKrmjwq9

**Deprecated:** False