VAT Processing for Sales and Purchasing
1. Sales and purchases from/to other Belgium companies
- Customer or Vendor - setup as VAT 21 - VAT 21%
- Detailed line - use VAT21 - VAT21%, VAT6 - VAT6%, VAT12 - VAT12%, VAT3 - VAT3%
2. Sales and purchases to companies that is outside the EU and Belgium - Exports
- Customer or Vendor - setup as EXEMPT - EXEMPT
- Detailed line - use EXEMPT - EXEMPT
3. Sales to companies that is part of the EU countries
- Customer - setup as VAT 0 - VAT 0% EU SALES
- Detailed line - setup as VAT 0 - VAT 0% EU SALES
4. Purchases from companies that is part of the EU countries
- Vendor - setup as VATIN EUG - VATIN EU-GOODS ACQUIRED
- Detailed line - setup as VAT21 - VAT21%, VAT6 - VAT6%, VAT12 - VAT12%, VAT3 - VAT3%
5. Services from companies that is part of the EU countries
- Vendor - setup as VATIN EUS - VATIN EUS - SERVICES ACQUIRED
- Detailed line - setup as VAT21 - VAT21%, VAT6 - VAT6%, VAT12 - VAT12%, VAT3 - VAT3%
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