VAT Registration

This page is accessed via Financials > Taxes > VAT Registrations.

VAT Registration is needed for corporations that do business in an area where VAT (value added tax) is applicable The VAT Registration Manager allows a VAT registration ID to be used by more then one corporation. This information is used when the Calculate VAT action is run against invoices and bills.

You can also add a VAT Registration ID when creating a corporation.

Creating a VAT Registration ID:

1. Enter the VAT Registration ID in the corresponding field.
2. Enter the Country Code ID for the country the VAT is applicable to, as well as the corporation applying the tax (a VAT registration is like a tax ID). Corporations may have different VAT Registration IDs for the different countries they do business in. If that is the case, enter as many Country Code and VAT Registration combinations as needed.
3. You can use the Default Intra EU VAT Code field to define a VAT Code for each service provider source country for Intra-European Union shipments.
4. Use the Customer VAT Registration Country field to specify a Country Code to be used by the VAT calculation. This can be used to ensure non-domestic shipments within the European Union can always defer payment by forcing Intra-European Union VAT outcomes.
5. Select the Primary Registration check box to indicate that this registration ID is the primary registration. If it is not marked as Primary, the Foreign VAT Code Override VAT Code is used.