IVA

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VAT, value-added tax
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/ˈiba/
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A tax built into the price of most goods and services and ultimately paid by the final consumer.

Examples

  • Algunos alimentos tienen un IVA reducido.
    Some foods have a reduced VAT rate.
  • El precio ya incluye el IVA.
    The price already includes VAT.
  • La factura muestra la base imponible y el IVA por separado.
    The invoice shows the taxable amount and VAT separately.
  • La empresa declara el IVA cada trimestre.
    The company files its VAT return every quarter.
  • ¿Cuánto IVA tengo que pagar por esta compra?
    How much VAT do I have to pay on this purchase?

Similar words

impuesto al valor añadido
impuesto sobre el valor añadido
impuesto al valor agregado

Meanings

Value-added tax

taxation
neutral
A consumption tax charged as value is added to goods and services, collected through businesses and ultimately borne by the final consumer.

Examples

  • El precio ya incluye el IVA.
    The price already includes VAT.
  • ¿Cuánto IVA tengo que pagar por esta compra?
    How much VAT do I have to pay on this purchase?
  • La empresa declara el IVA cada trimestre.
    The company files its VAT return every quarter.
  • Algunos alimentos tienen un IVA reducido.
    Some foods have a reduced VAT rate.
  • La factura muestra la base imponible y el IVA por separado.
    The invoice shows the taxable amount and VAT separately.

Similar words

Etymology

An acronym of Spanish impuesto sobre el valor añadido in Spain and impuesto al valor agregado in much of the Americas.

FAQ

What does IVA mean?

IVA means value-added tax, a consumption tax added to the price of many goods and services.

What does IVA stand for in Spain?

In Spain, IVA stands for impuesto sobre el valor añadido.

What does IVA stand for in Latin America?

In much of Latin America, IVA stands for impuesto al valor agregado, though tax names vary by country.

Is IVA masculine or feminine?

IVA is masculine because its main word is impuesto, so Spanish uses el IVA.

How is IVA pronounced?

IVA is normally pronounced as a word, /ˈiba/, and sounds the same as Spanish iba.

How do you write the plural of IVA?

The uppercase acronym stays unchanged: el IVA and los IVA, without adding an s.

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