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How to Setup VAT Free Sales - EXN

How to Setup VAT Free Sales - EXN

Owned by Ben Catalan
Apr 10, 2024

The value of VAT deductible on purchases on which VAT is partially deductible due to sales structure indicator:

sales structure indicator for partially deductible VAT computation

wskaźnik struktury dot. zakupów mieszanych

VAT Register Requirement

Calculation - Free Sales Percentage multiplied by Input VAT

Subsidiary Setup

  1. Go to Setup > Company > Classification > Subsidiaries > Select Poland Subsidiary

  2. Enter Value of the Free Sales Percentage Under > [STA] FREE SALES PERCENTAGE

Transaction Setup

To include a transaction in the Free Sales calculation, the user must ensure that the Free Sales Indicator in the Line level, represented by the HSN/SAC field, is populated. The value should be 'Y' if applicable and left empty if not.

VAT Register Impact

Deductible Amount = Net Amount * (1-Free Sales Percentage)

 

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