{"iri":"https://folio.openlegalstandard.org/RCUP1bJBitIbJFQ1SXl2Zai","label":"Input 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":"Recoverable VAT","alternative_labels":["Input Tax Deduction","Purchase VAT Remittance"],"translations":{},"hidden_label":null,"definition":"Input VAT Payment refers to the Value Added Tax paid on purchases of goods and services that a business can reclaim or offset against the VAT collected on sales. This mechanism ensures that VAT is ultimately paid only on the value added at each stage of production.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}