VAT partial
For certain products or services, only part of the VAT that is charged on
a purchase invoice is reclaimable.
How Infor meets this requirement
There is currently no option in the Tax Codes form to specify a percentage of a VAT tax code as reclaimable.
However, some parts of this requirement can be handled by setting up different tax codes and separate VAT accounts for the deductible and non-deductible percentages of the VAT. Then the related voucher distribution transactions must include two lines: one line with the tax code, tax base and tax amount for the deductible and another line with another tax code for the non-deductible part of the VAT.
| Application | Setup or Actions |
|---|---|
| ERP | See the help topic on Setup and handling of non-deductible VAT. |