Input Vat

Some articles on vat:

European Union Value Added Tax
... The European Union value added tax (or EU VAT) is a tax on the consumption of goods and services within the European Union (EU) ... a value added tax that complies with the EU VAT code ... Some of the VAT collected by member states is used to fund the European Union as part of the system of "own resources" ...
Ad Valorem Tax - Application of A Value-added Tax - Europe
... A common VAT system is compulsory for the member states of the European Union ... The EU VAT system is imposed by a series of European Union directives, the most important of which is the Sixth VAT Directive (Directive 77/388/EC) ... some member states have negotiated variable rates (Madeira in Portugal) or VAT exemption for regions or territories ...

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