Problem: How to record purchases with VAT without being
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a Taxpayer?
Solution:
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Make settings for VAT accounting in the system as shown.
1. In the general settings, enable this featuresettings for VAT Accounting (Administration > General Settings or Administration > Taxes):
2. In the entity settings, the VAT accounting parameters should be turned off .
(Accounting > Master Data > Entity > Tax Accounting):
See also VAT Taxpayer Settings Cancel
3. Create a purchase document . Subject to VAT and prices include VAT.and set option Prices Include VAT:
See also 4.2.3. Invoices Received
4. The total amount will be included as includes accounts payable, and no VAT separation is made.:
NOTE When the entity becomes a Taxpayer, it can claim back the input VAT amount using the Input Vat transaction VAT Transaction from Taxes module i.e. manually increase of Input vat VAT to effect the Calculations of Vat liability VAT Liability document.
See also Input VAT Transactions
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