Add Belgian VAT codes
When you add a VAT code for Belgium or Luxembourg, some extra fields become available.
- Ledger account transferred
The ledger account on which the transferred VAT amount should be entered. Complete this field only if the legislative country is set to Belgium or Luxembourg, the Code Purchase/Sales is set to Purchase and the tax is set to Transferred. In this field, you can only select ledger accounts of the B - Btw type.
- Purchase base amount type
Complete this field only if Legislative country is set to Belgium or Luxembourg and Code Purchase/Sales is set to Purchase. In this field, select the purchase calculation basis type this VAT code refers to. In this case you have the following options:
- D – Services
- G – Goods
- I – Investments
- O – Other
- Credit invoices
Select this check box for a VAT code you use for credit notes.
- Transferred VAT section
For Belgium and Luxembourg, this extra field for transferred VAT is required to link a VAT code to a VAT section for transferred VAT. This field indicates whether the amount in the declaration is based on the VAT account or the account for transferred VAT.
See also