Glossary entry

Hungarian term or phrase:

ÁFA nélküli

English translation:

VAT not included

Added to glossary by Dawn Montague
Apr 4, 2001 20:28
23 yrs ago
Hungarian term

ÁFA nélküli

Hungarian to English Law/Patents
A Bank a benyújtott számlák nettó (ÁFA nélküli) ellenértékét akkor vezeti át az Adós pénzforgalmi számlájára, ha a számla az Adós nevére szól, a számviteli törvény szerint a hitel céljára szolgáló, elszámolható költséget tartalmaz, és kiállítása (vagy teljesítési időpontja) a hitelszerződés megkötésének napjánál 60 nappal nem korábbi időpont.

Proposed translations

2 hrs
Selected

VAT not included

In Hungary there is a 12% - 25% VAT added to the net price of goods, services...

This is paid by everyone, though companies can reclaim it from the tax authorities
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
5 hrs

without V.A.T.

Nearly 100% of prices must include V.A.T. (tipically 25%) in Hungary, but price informations often are given as net price plus V.A.T. So you must tell it how the given price is built up.
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72 days

exclusive of VAT

this is the way it is used in legal or financial texts. The point in adding this clause to a net price is drawing the attention of the reader to the fact while the net price is determined by the seller, VAT is subject to change under the law, and at the time of billing the then current rate will be applied.
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