Slovakia VAT Ledger Statement
If you have a Slovakia subsidiary or nexus and you have the International Tax Reports SuiteApp installed in your NetSuite account, you can generate the VAT Ledger Statement for the Slovakia, in English or Slovak, from Reports > VAT/GST > Tax Reports (International).
To generate the VAT Ledger Statement for Slovakia, use the tax code properties provided by the International Tax Reports SuiteApp. See Slovakia Tax Codes.
NetSuite gets the values in the report from your transactions, but some boxes in the form may require you to enter data manually. It is important that you save a PDF file of the report for your own records because NetSuite cannot audit manually entered data. For information, see Generating VAT/GST Reports.
You should review all the values in the report. To understand how NetSuite uses the tax codes to get the values for the Slovakia VAT Ledger Statement, see What goes into each box – Slovak VAT Ledger Statement.
The NetSuite VAT Ledger Statement is designed to look like the official tax form for ease of use when completing the official return form, but it is not intended to be printed out for submission to the tax agency. For the Slovakia, NetSuite provides an XML file that you can manually upload to the tax agency portal for online filing. You should still review all the values in the report prior to submission.
Slovakia Tax Reporting Fields
You must set up the following to be added to transaction records and item records.
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Cash Register – This is found on a transaction record. Check this box if the document is from cash registers.
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Reference No. of Original Invoice — This is found on a transaction record. Enter the reference number of the invoice for which the credit was issued.
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Type of Goods – This is found on an item record. This indicated the type of supply provided by the company. This is applicable to supplies subject to the reverse charge mechanism.
VAT Ledger Statement Online Filing
The XML file generated by NetSuite complies with the specifications of the tax authority in the Slovakia. You can manually upload it to the tax agency portal for online filing. To generate a report, see Generating VAT/GST Reports.Select your Slovakia subsidiary and click Supplementary. Select VAT Ledger Statement, then select XML from the dropdown list.