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Input VAT Deduction
Input VAT deduction recovers the VAT included in your purchase costs so your profit reflects what products and handling actually cost you, net of tax. This is for VAT-registered businesses that can reclaim that VAT from the tax authority. What Is Input VAT? When you buy products or pay for handling and packaging, the price often includes VAT. If your business is VAT-registered, you can reclaim that VAT, so it is not a real cost to you. Input VAT deduction pulls the reclaimable VAT back o
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