Value Added Tax(VAT)
A consumption tax levied at each stage of the supply chain on the value added to goods or services, ultimately borne by the end consumer.
Related terms
Browse all →GST Identification Number
VAT & TaxA 15-character alphanumeric identifier assigned to every GST-registered taxpayer in India, used on all tax invoices and GST returns.
Reverse Charge
VAT & TaxA VAT mechanism that shifts the obligation to account for tax from the supplier to the buyer — common in cross-border B2B services.
Simplified Tax Invoice
VAT & TaxA short-form tax invoice permitted for B2C transactions below a jurisdictional threshold — typically requiring fewer fields than a full B2B invoice but still subject to e-invoicing rules.
Tax Registration Number
VAT & TaxA unique 15-digit identifier issued by the UAE Federal Tax Authority to VAT-registered businesses; required on every tax invoice.
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