1. Country-Specific Features
  2. Philippines Help Topics
  3. Philippines Invoicing
  4. Setting Up Philippines Invoicing Features
  5. Setting Up Additional Preferences for Philippines Invoicing
  6. Displaying VAT Breakdown

Displaying VAT Breakdown

You can include or exclude VAT details in the transaction amount on printed Philippines documents.

To include VAT amount details on printed Philippines documents:

  1. Edit a Philippines subsidiary record.

  2. Click the Philippines Invoicing subtab.

  3. Check the Print Inclusive of VAT box to include VAT details in the transaction summary on printed Philippines documents.

    Note:

    When checked, the Total Sales (VAT Inclusive), Less: VAT, Amount: Net of VAT, Add: VAT, and Total Amount Due are listed. When you clear the box, a separate Tax Amount column for line items is added to the document. Also, the Subtotal, Tax Total, and Total amounts are listed.

  4. Click Save.

When checked, printed Philippines documents include the VAT breakdown for applicable mixed transactions.

Related Topics

General Notices