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VAT code

An internal successive alphanumeric key that clearly identifies a group of items to which a value-added tax rate is applied. Each VAT group has a tax rate assigned to it. The standard rate differs with each country -- from 16% in Germany, to 21% in Ireland. But there are also reduced and super-reduced rates subject to varying conditions.

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  • ส่วนหนึ่งของคำพูด: noun
  • อุตสาหกรรม/ขอบเขต: Software
  • Category: ERP
  • Company: SAP

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