netverð

Netverð refers to the price of a good or service before value-added tax (VAT) and other mandatory charges are added. It represents the base price used in pricing decisions, invoicing, and price comparisons, particularly in business-to-business transactions. The term is widely used in Nordic and European markets, though exact definitions can vary by jurisdiction.

Netverð is influenced by discounts, rebates, and negotiated terms. Invoicing often presents netverð separately from VAT and other taxes; the grossverð is the sum that the customer actually pays. In some cases, netverð also excludes shipping or handling when these are billed separately.

Calculation example: If netverð is 1000 and VAT is 24%, grossverð becomes 1240, provided no additional charges. If a 5% discount is applied to the netverð, the new netverð is 950, and grossverð is 950 × 1.24 = 1178, assuming VAT applies to the discounted amount.

In consumer pricing, prices shown to end customers are often grossverð (including VAT). Netverð is more commonly used in internal pricing, procurement, and B2B contexts. The precise treatment of netverð, VAT rates, and other charges varies by country and sector.