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Prerequisites (Periodic VAT Report)

To print the Periodic VAT report, you must perform the following steps:

por90000.gif Define a complete list of payable and receivable tax names that identify all the tax categories required to complete the VAT Returns. For example, each tax name must distinguish among Continente, Madeira, and Açores; among each tax rate; between Payables and Receivables; and among purchases of goods, other purchases, sales of goods, other sales, etc.

por90000.gif For each tax name, you must identify a box identifier. The box identifier indicates where in each Tax Declaration report a transaction (and in particular the taxable and/or tax amount) appears. The box identifier is made up of five parts. Each part indicates the box number and report that the tax name is associated with. The box identifier also identifies if the taxable or the tax amount is shown in the associated box. Each box identifier is defined as a valid Quickcode before it is assigned to a tax name.

Tax Description
Periodic Taxable
Periodic Tax
Annual Total
Annual Taxable - 1
Annual Taxable - 2
Continente - Taxa Normal - Vendas - Existências
C003
C004
C151
C105
XXXX
Continente - Taxa Normal - Vendas - Outros
C003
C004
C151
C103
XXXX
Açores - Taxa Normal - Vendas - Existêencias
A003
A004
A151
A105
XXXX
Açores - Taxa Normal - Vendas - Outros
A003
A004
A151
A103
XXXX
Madeira - Taxa Normal - Vendas - Existências
M003
M004
M151
M105
XXXX
Madeira - Taxa Normal - Vendas - Outros
M003
M004
M151
M103
XXXX
Continente - Taxa Normal - Vendas - T I de bens
C007
XXXX
C151
C129
C111

An example of a Tax Name set up in the system is:

Tax Name:
ST
Description:
Standard Rate Tax
Tax Rate:
17
Category:
C003-C004-C151-C105-XXXX

The character '-' is used as a separator between each box identifier for readability.

por90000.gif Define all the necessary tax names so that each tax name is related to a particular box number.

por90000.gif Ensure that the taxable amount for a tax name is related to only one box on the Periodic report.

por90000.gif Ensure that the tax amount for a tax name is related to only one box on the Periodic report.

por90000.gif Ensure that the box number shown on the report is a maximum of three digits.

por90000.gif Ensure that only one of the three locations (Continente, Açores, or Madeira) are referenced on the tax report.

por90000.gif Note that the tax reports cannot report for Periodic Report Section 4 - Box 4 and 5 - namely 'Actividades Imobiliárias' and 'Regime do iva nas Transacções Intracomunitárias'.

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