# Input VAT Payment

**IRI:** https://folio.openlegalstandard.org/RCUP1bJBitIbJFQ1SXl2Zai

## Labels

**Preferred Label:** Recoverable VAT

**Alternative Labels:**

- Input Tax Deduction
- Purchase VAT Remittance

## 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.

## Sub Class Of

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

**Deprecated:** False