How to configure "VAT Rate Entries"?

Blanca Castillo
Blanca Castillo
  • Updated

Where do I find it?

Configuration > Business Data > VAT Rate Entries


What does it mean?

VAT Rate Entries define the percentage of taxes you need to pay for every combination of VAT Number and VAT Rate. The system automatically creates a value of 0.0% in oder to assure data consistency. You can only add VAT Rate entries from today on and you are not allowed to change and/or add VAT Rate Entries in the past.


What should I do?

Select for every combination the respective VAT Rate Entry. For example, if you have two different concessions for different services you can enter the varying rates under the same number. You can also plan for the future and set a new VAT Rate entry in the future in case there is a change for the new year.