PVN

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VAT, value-added tax
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/ˌpeː veː ˈen/
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A consumption tax collected through the price of goods and services.
Practice using PVN in conversation until it feels natural

Examples

  • Rēķinā PVN jānorāda atsevišķi.
    VAT must be shown separately on the invoice.
  • Standarta PVN likme Latvijā pašlaik ir 21 procents.
    Latvia’s standard VAT rate is currently 21 percent.
  • Pārdevējs aprēķināja PVN par sniegto pakalpojumu.
    The seller calculated VAT on the service provided.
  • Šim darījumam piemēro apgriezto PVN maksāšanas kārtību.
    The reverse-charge VAT procedure applies to this transaction.
  • Cenā ir iekļauts PVN.
    The price includes VAT.

Similar words

pievienotās vērtības nodoklis

Meanings

Value-added tax

taxation
technical
Pievienotās vērtības nodoklis, Latvia’s value-added consumption tax included in the price of goods and services and ultimately paid by the final consumer.

Examples

  • Cenā ir iekļauts PVN.
    The price includes VAT.
  • Rēķinā PVN jānorāda atsevišķi.
    VAT must be shown separately on the invoice.
  • Uzņēmums reģistrējās kā PVN maksātājs.
    The company registered as a VAT payer.
  • Standarta PVN likme Latvijā pašlaik ir 21 procents.
    Latvia’s standard VAT rate is currently 21 percent.
  • Pārdevējs aprēķināja PVN par sniegto pakalpojumu.
    The seller calculated VAT on the service provided.
  • Grāmatvede iesniedza PVN deklarāciju elektroniski.
    The accountant submitted the VAT return electronically.
  • Šim darījumam piemēro apgriezto PVN maksāšanas kārtību.
    The reverse-charge VAT procedure applies to this transaction.

Similar words

pievienotās vērtības nodoklis

Etymology

Formed from the initial letters of Latvian pievienotās vērtības nodoklis, literally ‘added value tax’.

FAQ

What does PVN stand for?

It stands for pievienotās vērtības nodoklis, Latvia’s value-added tax.

What is the English equivalent of PVN?

The usual English equivalent is VAT, short for value-added tax.

How is PVN pronounced in Latvian?

It is read letter by letter: pē-vē-en.

What is Latvia’s standard PVN rate?

The standard rate is currently 21 percent, though reduced rates apply to certain goods and services.

Does a price marked ‘ar PVN’ include tax?

Yes. Ar PVN means ‘with VAT’, so the stated amount includes the tax.

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