Generating the VAT Report

Overview

As an integral feature for NetSuite users in Lithuania, the localization offers functionality to produce VAT report that adheres to the Lithuanian Tax Authority’s XML file structure.  

This feature provides the ability for NetSuite users to run a report via Suitelet and download it as an XML file.

Generating the VAT Report

To generate the VAT Report XML file:

1. Go to Reports > Lithuania Reports > Generate VAT Report.

2. On the initial page:

   1. Select the VAT parameters.

      1. Select a Subsidiary

      2. Enter the Start Date and End Date

      3. The user can also change the language of the VAT report generation user interface by selecting the Language.

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3. Review and Enter the VAT Form fields

   1. Enter the Completion Date for the VAT report. This is defaulted to the date today.

   2. Select the Submission Type

   3. Select the Tax Return

   4. Enter the Main Activity According to NACE

   5. Enter the percentage for Box 28 of the VAT Report

4. Click Apply VAT Parameters and wait until NetSuite completes loading the report.

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5. Review the amounts reported for each VAT position

6. Click Generate XML to generate the VAT report XML file

7. You will be redirected to a new page where you can choose to view the XML or download the XML.