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How to Setup VAT Free Sales - EXN
How to Setup VAT Free Sales - EXN
- Ben Catalan
Owned by Ben Catalan
Apr 10, 2024
1 min read
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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
Go to Setup > Company > Classification > Subsidiaries > Select Poland Subsidiary
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)