Invoice payments to suppliers are “tax deductible.

Invoice payments to suppliers are “tax deductible.

Invoice payments to suppliers are “tax deductible.

excluding deductible VAT

gross fixed capital formation at producers'prices excluding deductible VAT

Purchased goods are valued at the purchase price excluding deductible VAT and other deductible taxes directly linked to turnover.

Purchased goods are valued at the purchase price excluding deductible VAT and other deductible taxes directly linked to turnover.

Advice on local VAT rates and deductible amounts of VAT,

The fraction of deductible VAT in invoiced VAT and hence non-deductible VAT may change:

Purchased goods and services are valued at the purchase price excluding deductible VAT and other deductible taxes directly linked to turnover.

This means that you will pay less VAT (or no VAT at all) on your return.

This deductible VAT is therefore subtracted from the VAT collected from the customers.

with all taxes included (except recoverable VAT).

Are you sure you are capturing all your deductible expenses?

As such, this is an expense to the business and hence tax deductible.