Default

Use these processing options to specify default values to use in determining VAT ceiling eligibility.

1. Default Company

Specify a company number to use for consolidating multiple companies. If this processing option is blank, the VAT ceiling will be calculated for each company processed.

2. Default Percentage

Specify the percentage used to determine eligibility for the VAT ceiling. This is the ceiling percentage. For example, if the tax authority requires that at least 10 percent of the total produce must be sold abroad in order to qualify for the VAT ceiling, enter 10 in this processing option.

3. Vat Ceiling Fiscal Year (Required)

Specify the fiscal year for which you are determining VAT ceiling eligibility.