Trade, logistics and payments
Taxable amount
In short and in plain language
The taxable amount is the sum that a tax is worked out on.
For VAT, it is mostly the price without the tax.
Discounts or vouchers can change this sum.
Definition
The taxable amount is the amount on which a tax or duty is calculated. For VAT it is, as a rule, the price paid without the tax itself. Discounts, cash discounts or vouchers can change the taxable amount.