BANK BALANCE Definition

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BANK BALANCE is the amount of money in a bank account on a particular date as recorded by a financial institution on a bank statement.

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BACKUP is a copy of a computer program or data stored separately from the original.

IMPOSTA VALORE AGGIUNTO TAX (IVA TAX), in Italy, like most other European countries, Italy imposes a value added tax (VAT) on most goods and services purchased in the country. In Italy, the value added tax is known as the Imposta sul Valore Aggiunto or IVA. This tax is normally included or built into the price of most goods and services. The general rate of tax is 19% of the sale price.

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