VAT sales and purchase books
Tax authorities
are required to produce periodic submissions of invoice details for accounts receivable and
accounts payable. Submissions may be required monthly, quarterly, or annually and are
generally in electronic format. The tax authorities can use the information to cross-check
data from trading partners, and to ensure that the correct taxes are paid.
Vietnam specifics
In Vietnam, the purchase book report is known as the 01-2/GTGT report. The sales book report is known as the 01-1/GTGT report.
How Infor meets this requirement
You can generate the purchase book report in SyteLine as an option on the Purchase VAT Register form.
You can generate the sales book report in SyteLine as an option on the Sales VAT Register form.
| Application | Setup or Actions |
|---|---|
| ERP | See Generating the Vietnam 01-2/GTGT VAT input report. |