Financial & invoicing terms explained
VAT
VAT is common outside the US - typically shown as a tax on value added at each stage.
Invoices
Include VAT number, rate, and net/tax/gross amounts as local rules require.
Reverse charge
B2B cross-border rules may shift VAT liability - state it clearly.
Rates
Reduced rates may apply to specific categories - map products correctly.
VAT - FAQ
VAT vs sales tax?+
VAT is multi-stage; US sales tax is typically single-stage at retail.
VAT number?+
Show on B2B invoices where required for reverse charge.
Rates?+
Can differ by country and category - keep product mappings updated.