What goes into each box - Kenya VAT Report
The following table shows how NetSuite uses the tax codes to get the values for the Kenya VAT Report.
Box |
Description |
Value |
VAT Charged |
---|---|---|---|
Sales For This Period |
|||
1 |
Taxable sales (general rate) taxable |
Net amount of sales S |
Tax amount of sales S + Tax amount of sales adjustment in box 1 with S |
2 |
Taxable sales (other rates) |
Net amount of sales R |
Tax amount of sales R + Tax amount of sales adjustment in box 2 with R |
3 |
Zero rated sales |
Net amount of sales Z |
— |
4 |
Exempt sales |
Net amount of sales E |
— |
5 |
Total sales and output tax charged |
Box 1+2+3+4 |
Box 1+2 |
P |
|||
6 |
Taxable purchases (general rate) |
Net amount of purchases S |
Tax amount of purchases S + Tax amount of purchases adjustment in box 6 with S |
7 |
Taxable purchases (other rates) |
Net amount of purchases R |
Tax amount of purchases R + Tax amount of purchases adjustment in box 7 with R |
8 |
Zero rated purchases |
Net amount of purchases Z |
— |
9 |
Total taxable purchases and input charged (6+7+8) |
— |
Box 6+7+8 |
10 |
Less non-deductible input tax |
— |
Editable field |
11 |
Deductible input tax (9-10) |
— |
Box 9-10 |
12 |
Tax due (or claimable) for this period (5-11) |
— |
Box 5-11 |
A |
|||
13 |
Less VAT withheld |
— |
Editable field |
14 |
Less credit balance from previous month |
— |
Editable field |
15 |
Add refund claim paid and disallowed |
— |
Editable field |
16 |
Final tax payable/credit carried forward for this period (12-13-14-15) |
— |
Box 12-13-14+15 |