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A VAT invoice is given to anyone who makes a purchase from a registered VAT vender, but only if the purchasing party is also a registered VAT individual. The VAT invoice is used to keep track of taxable purchases for parties who must pay taxes, especially businesses.
These types of invoices need to include a variety of detailed information. It must have a unique invoice number, the name and address of the selling party, the VAT registration number for the seller, the date of the purchase, the customer's name and address, and a description of the goods. This information is required in order assess taxes and to avoid fines.
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