|
|
|
Definition: |
The total economic value of invoiced trade items as a monetary amount. |
|
|
|
|
GDD Name: |
totalEconomicValue |
|
|
GDD Definition: |
Total amount calculated as sales price - (special excise tax + VAT or sales tax + recycling fee). Required for products to which special excise tax applies, such as cigarettes, fuel or alcohol. |
|
|
Usage: |
The total invoice economic value monetary amount is for information only and should not be used in any calculation of other monetary amounts.
The total invoice economic value monetary amount can be used by the buyer to check any specified allowance or charge monetary amounts.
Relevant in some markets for products to which special excise tax applies, such as tobacco products and alcoholic beverages. |
|
|
Remark: |
The total invoice economic value monetary amount of the invoiced trade items is the monetary amount summation calculated using the price for each invoiced trade item to be payed by the consumer multiplied by the invoiced quantity for each invoiced trade item excluding all tax monetary amounts.
The used consumer price for the calculation is exclusive of all taxes such as environmental tax, excise tax and taxes applicable to the sales transaction, such as sales tax, goods and services tax (GST) and value added tax (VAT). |
|
|
