VAT Codes for Year-End Proc. (00/IV)

Set up VAT codes to associate a tax rate to a transaction. The system uses these values for VAT reports. For example, you might set up codes for:

• VAT rate 0 percent

• Excluded

• Nonrecoverable 50 percent

• Nonrecoverable 100 percent

• VAT 4 percent

• VAT 20 percent