Overview of Generating a VAT File for Israel

This topic includes details about generating a VAT file for Israel.

Overview

This feature helps you to generate a VAT Detailed Statement for uploading to the tax authority website. The setup involves configuring the Payables and Receivables applications, assigning tax reporting codes, and setting the profile option for aggregation amount limit. The Generate VAT Report for Israel process is submitted with specific parameters such as the reporting identifier, tax calendar period, VAT aggregation amount limit, and operation code. The output of the process is a text file in the required format for uploading to the tax authority website.

The solution contains these components:

• Select Transactions for Tax Reporting
• Generate VAT Report for Israel