What Is an IVA?
An IVA is a type of debt relief plan. Unlike bankruptcy, an IVA can be completed in as little as a year. But, you must make your payments on time. If you are not able to, your creditors may take action against you. As a result, you may have to sell valuable possessions or return them to your creditors. If you own an expensive car, you may have to give it up or trade it in for a cheaper one. You will also have to contribute your savings to your debts.
Another benefit of IVA technology is that it frees human agents to handle more complex customer concerns. In addition, IVAs never take holidays and are almost indistinguishable from human agents. Aside from helping customers with payment, IVAs can also help companies ensure compliance with laws like HIPAA and PCI.
In addition to general food products, there are also several other items that are subject to IVA. These include soft drinks, contact lenses, and glasses, as well as passenger transport, refuse collection, social services, and dental work. Depending on the type of product, IVA can range from 8% to 21%. Further, if you’re exporting a product, you can claim the tax back in a tax refund.
What Is an IVA? was first seen on Debt Worries