Check below how the System allows the Purchase Order, with variations on Value Added Tax.
Purchase Order calculating VAT or IVC;
Purchase Order calculating VAT or IVC using the rate established in the product;
Purchase Order calculating Exempt VAT;
Purchase Order calculating zero rate VAT.
Tax on Added Value (VAT/IVC)
The System allows adding credit notes, considering calculation of VAT. Calculation rules:
Calculation Base: Goods or Services Value - Discounts.
Fee: Rate entered in Product Register or in Variable Tax Register.
VAT/IVC : Calculation x Rate Base.
Freights, expenses and insurance in the invoice are entered as items/services in a separate document. In this new document VAT or IVC are regularly calculated, according to calculation rules. Tax value and invoice total will present decimal values calculated by the System. |
If you want to perform calculation, through the rate established in the product, the field Perc. VAT, from Product Register, must be filled out and present the corresponding rate. |
2. Register the customer in Customer Register.
3. Enter a sales order with registered product and customer, using the standard TIO created by the System (check VAT and IVC codes).
For the VAT or IVC to be calculated as Exempt, the field Calc. VAT, in TIO Register, must be filled out with the option 3. For the VAT or IVC to be calculated with Zero Rate, the field Calc. VAT, in TIO Register, must be filled out with the option 4. |
4. Enter the amount and unit value. Then, generate bill payable;
5. Release the product and invoice it. VAT and IVC must be calculated and added to document amount.
Canceling/Return
In the event of return/canceling of a total or partial value of services installments it is generated Debit or Credit Notes, depending on the case. These debit or credit notes will be used in the calculation of the tax to be paid.
Check the topic Debit or Credit Notes - VAT.
See Also
Note: