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.