Determine tax authority payments in the administration settings

If you want to make payments to the Tax Authority automatically, determine the payment term, etc, and set the type of outstanding item Profit should create.

To set the automatic tax authority payment:

1. Go to: Financial / Management / Administration settings.
2. Go to the tab: Payment to Tax authoritiy.
3. In Outstanding item, select the outstanding item that Profit should automatically generate for the 'Loonheffing' and/or turnover tax.

   If there is a Fiscal Unit, you can only configure this field in the main administration.

4. Select Tax authority as the creditor.
5. Select the (purchase) journal in which you want to enter the payment of the turnover tax and/or 'Loonheffing' to the tax authority.
6. In Sales tax contra account, select the ledger account that serves as the contra account in the journal entries for the payment of turnover tax, for instance ‘1870 VAT Payment’ .

   Note: 

   In the properties of this contra account, the Allow VAT check box must be deselected. Otherwise, this account would not be included in an automatic journal entry for the payment to the tax authority.

7. In ST payment, enter the number of days left before the payment deadline for the turnover tax.

   This date will appear as the expiry date for the outstanding item. If you have set up alerts, the relevant alert can use this date.

8. In 'LH' contra account, select the ledger account that serves as the contra account in the journal entries for payment of 'Loonheffing', for instance 1825 'Loonheffing to be paid'.

   You can only complete this field if you are using Profit Payroll.

   Note: 

   In the properties of this contra account, the Allow VAT check box must be deselected. Otherwise, this account would not be included in an automatic journal entry for the payment to the tax authority.

9. Enter the number of days left before the payment deadline for the 'Loonheffing'.

   This date will appear as the expiry date for the outstanding item. You can only complete this field if your licence includes Profit Payroll.

10. Click on: OK.