Glossary entry

Spanish term or phrase:

IVA compras

English translation:

input VAT / VAT on inputs

Added to glossary by carmen05
Dec 21, 2013 18:35
10 yrs ago
9 viewers *
Spanish term

IVA compras

Spanish to English Bus/Financial Economics
Hola a todos:

El texto dice:

"Ello implica que la normativa fiscal señala que dichos servicios no tributarán IVA y el prestador tendrá un crédito por el IVA compras de proveedores directos de bienes y servicios."

Se refiere al IVA que pagamos al comprar algo y que luego se puede descontar en caso de las empresas.

Es:
VAT on purchases?
¿Puede ser, qué opinan?
Gracias.
Saludos.
Carmen

Proposed translations

7 hrs
Selected

input VAT / VAT on inputs

Example sentence:

Value Added Tax: input tax...

Peer comment(s):

agree Charles Davis : You clearly have a point.
4 hrs
disagree Billh : actually to be technically correct the term is INPUT VAT, NOT VAT ON INPUTS - THEY ARE NOT INPUTS IT THE INPUT VAT ON THEM.
4 days
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "¡Gracias a todos! Thank you to all of you!"
+6
1 hr

VAT on purchases from...

They can claim it back and their own services are VAT exempt.

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Note added at 1 hr (2013-12-21 20:13:22 GMT)
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"Ello implica que la normativa fiscal señala que dichos servicios no tributarán IVA y el prestador tendrá un crédito por el IVA compras de proveedores directos de bienes y servicios."

This means that tax law provides that these services will be VAT exempt and the provider will have a credit/can claim back the VAT on purchases from direct providers of goods and services.
Peer comment(s):

agree Mark Solomon : exactly what I was going to say!
25 mins
Thanks Mark
agree Anne Patricia
50 mins
Thanks Anne.
agree Jaime Oriard
4 hrs
Thanks Jaime
agree Phoenix III
5 hrs
Thanks P3
agree nweatherdon
7 hrs
THanks NJ
agree Charles Davis
11 hrs
Thanks CD
Something went wrong...
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