VAT Maintenance

This chapter describes the overview and maintenance process of VAT in Infor LN 10.7 for Poland localization.

Overview

Infor LN allows the user to keep a VAT register including the data that serve to prepare a tax declaration correctly, and generate these reports:
  • • VAT sales register
  • • VAT purchase register
A record in the register must include this data:
  • • invoice number
  • • invoice receipt date in the case of purchase
  • • sales date in the case of sales
  • • tax ID of the supplier/customer and his address (optionally)
  • • invoice net value in home currency
  • • tax rate
  • • tax amount in home currency
  • • gross amount

Additionally, Infor LN allows you to change tax period manually.