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Prerequisites (Annual VAT Report)

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

por90000.gif Define a complete list of Payables and Receivables tax names that identify all the categories of tax required to complete the VAT returns. For example, each tax name must distinguish among Continent, Madeira, and Acores; 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. This box identifier indicates where a transaction, and in particular, the taxable and/or tax amount, appears in each Tax Declaration report. 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 must be defined as a valid Quickcode before you assign it to a tax name.

Tax Description
Periodic Taxable
Periodic Tax
Annual Total
Annual Taxable - 1
Annual Taxable - 2
Continente - Taxa Normal - Vendas - Existencias
C003
C004
C151
C105
XXXX
Continente - Taxa Normal - Vendas - Outros
C003
C004
C151
C103
XXXX
Acores - Taxa Normal - Vendas - Existencias
A003
A004
A151
A105
XXXX
Acores - Taxa Normal - Vendas - Outros
A003
A004
A151
A103
XXXX
Madeira - Taxa Normal - Vendas - Existencias
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 You must define all the necessary tax names such that each tax name can be related to a particular box number.

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

por90000.gif Ensure that only one of three locations is referenced in the tax report - namely Continente, Açores and Madeira.

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