Invoicing glossary
Tax invoice
A tax invoice is an invoice that meets the legal requirements to claim a tax credit, showing the tax charged on a sale.
Tax invoice: a clear definition
In VAT/GST countries, a tax invoice typically must include the seller's tax number, the tax rate and amount, the invoice date, and a unique invoice number. Businesses use it to reclaim input tax, so getting the required fields right matters.
Tax invoice in Invco
Invco invoices can show the details most tax invoices need: a unique sequential number, the issue date, your business and client details (including the client's tax number), the tax rate on each line and the tax total. Check your country's rules for the exact fields required.
Invco is invoicing software for people who run more than one company. Design your own invoice template or upload your existing invoice PDF, and Invco calculates subtotals, tax and totals, numbers each invoice sequentially and emails it as a branded PDF from your own address. Plans from $10/month.
Related terms
- VAT (value-added tax)VAT (value-added tax) is a consumption tax added at each stage of the supply chain and ultimately paid by the end customer.
- Sales taxSales tax is a tax on retail sales, added at the point of sale and collected by the seller on behalf of the government.
- Invoice numberAn invoice number is a unique identifier assigned to each invoice so it can be tracked, referenced, and reconciled.
Frequently asked questions
What is tax invoice?
A tax invoice is an invoice that meets the legal requirements to claim a tax credit, showing the tax charged on a sale.
Can Invco produce a tax invoice?
Invco invoices can show the details most tax invoices need: a unique sequential number, the issue date, your business and client details (including the client's tax number), the tax rate on each line and the tax total. Check your country's rules for the exact fields required.
What is VAT (value-added tax)?
VAT (value-added tax) is a consumption tax added at each stage of the supply chain and ultimately paid by the end customer.
Invoice the easy way with Invco
Design your invoice template, send branded PDFs from your own email address, and see what's paid and overdue for every company. Plans from $10/month, with a full refund within 7 days.
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