This is the 4148th most frequent Spanish word.
iva
"IVA" refers to "Value Added Tax (VAT)" in English.
Here, 'IVA' refers to the Value Added Tax, a common term in Spanish-speaking countries for sales tax.
El precio de esta comida incluye el IVA.
The price of this meal includes VAT.
In this case, 'Iva' is a form of the verb 'ir' in its imperfect tense used to describe an ongoing past action.
Iva a la tienda cuando empezó a llover.
I was going to the store when it started to rain.
Here 'Iva' is incorrectly capitalized and should be corrected to 'iba,' the first person singular imperfect tense of 'ir.' This serves as an example of a common capitalization error in informal writing.