VAT & Tax Withholding Reference
Calculate value-added tax (VAT) additions, deductions, and statutory invoice withholding splits.
Key Terms
- VAT Exclusive Matrah: The pure net sales price before value-added tax is applied.
- VAT Inclusive Matrah: The gross price containing the tax component.
- Withholding (Tevkifat): A tax mechanism where the buyer directly pays a designated fraction of the VAT to the tax authority on behalf of the seller.