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VAT section

The VAT sections are actually the same as the sections on the VAT declaration form. The VAT sections for the Dutch VAT declaration are provided as defaults. This means it is not necessary to add any VAT sections in order to make a declaration, but it is in fact possible. The VAT section indicates the VAT codes that have been linked.

Description

Profit uses the VAT sections to compose the VAT declaration. The VAT sections are the sections, as it were, from the VAT declaration. The sections are formatted exactly like the declaration form for the country in question.

You link multiple VAT codes and/or other sections to a VAT section. The amounts for each VAT code and any other sections are totalled up. Together, the different VAT sections comprise the VAT/ICP declaration.

In the master data, you set the VAT duty for the debtor and the VAT rate group for the item. The administration is indicated in the heading of the sales order. The Legislative country of the administration determines which country's regulations are applied. The VAT duty in the header of the order is that of the debtor, but you can adjust it there if needed. On the order line itself, you can see the VAT rate group of the Item. You can also change the rate group if needed. The legislative country of the administration, the VAT duty and the rate group ultimately determine which VAT code applies. Finally, Profit collects all financial entries on a VAT code in a VAT section for the VAT/ICP declaration.

The VAT sections for the Dutch and the Belgian VAT declaration are provided as defaults.

Procedure

Process

VAT/ICP declaration