VAT Reporting processing

To process the VAT Reporting, execute these steps:

  1. Finalize the batches with financial documents related to purchase or sales transactions in General Ledger. You can use the General Ledger Diagnostics Workbench (tfgld1590m000) session to verify that all related batches are successfully finalized.
  2. Cross check the data in the Tax Analysis (tfgld1520m000) session to ensure that tax analysis data is reconciled with the reports generated using the Print Trial Balance (tfgld3402m000) session.
  3. Defer the tax analysis transactions for VAT declaration reporting in the Tax Analysis (tfgld1520m000) session, if required.
  4. Define the actual values in Tax Declaration Masters (tfgld1620m100) session for User Defined Tag Content XML fields, for example, the taxPeriodStart and taxPeriodEnd.
  5. Create a new VAT Declaration number in the Tax Declarations (tfgld1625m100) session for the reported Tax Year and Tax Period.
  6. Populate the lines for created VAT Declaration number by selecting data from Tax Analysis in Select Tax Declaration Lines (tfgld1226m000) session.
  7. Reconcile Tax Analysis with VAT Declaration lines by using the Print Tax Analysis (tfgld1420m000) session.
    Note: 
    • Select the Print Contra for Shift Taxes check box in the Print Tax Analysis (tfgld1420m000) session to reconcile amounts of normal and shifted taxes.
    • Select the Print Summary Only check box Print Tax Analysis (tfgld1420m000) session to start reconciling aggregated amounts as a quick cross-checking process.
    • Select the Print Difference Only check box in the Print Tax Declaration Checklist (tfgld1410m100) session to print the reports.
  8. Reconcile the amounts of the report generated using the Print Tax Declaration (tfgld1425m000) with aggregated totals of the Register of Received Invoices (EV-RI) and the Register of Issued Invoices (EV-II) reports that are generated using the Print Register of Received Invoices EV-RI (PR) (lpsvn1401m100) and Print Register of Issued Invoices EV-II (IRS) (lpsvn1401m200) sessions respectively.
  9. Create correction transactions for the related VAT Declarations lines that are reported incorrectly in previous tax periods manually using the Supply Statement (Article 76a) Corrections (lpsvn1502m000) session.
  10. Generate a PDF report using the Print Supply Statement (Article 76a) (lpsvn1402m000) session for reconciliation with the report generated using the Print Tax Declaration (tfgld1425m000) session.
  11. Verify and process the Sales Listing transactions in Sales Listing (tccom7570m000) session for reported VAT Declaration period. Modify or block the Sales Listing transactions, if required.
  12. Generate consignment (not invoiced) transactions for the created VAT Declaration number manually in the Consignment Transactions for Recapitulative Statement (lpsvn1503m000) session.
  13. Generate a PDF report using the Print Recapitulative statement (RP-O) (lpsvn1403m000) session for reconciliation with the report generated using the Print Tax Declaration (tfgld1425m000) session.
  14. Approve the VAT Declaration number in Tax Declaration (tfgld1625m000) session.
  15. Transfer VAT declaration using the Tax Declaration (tfgld1625m000) session. The XML-file with VAT declaration data is generated and is ready for submitting to the eTax portal of Slovenian Tax Authority.
  16. Generate XML-files using the Print Supply Statement (Article 76a) (lpsvn1402m000) and Print Recapitulative statement (RP-O) (lpsvn1403m000) sessions for the reported VAT Declaration period to submit the related supplementary VAT reports to the eTax portal of Slovenian Tax Authority.
  17. Submit the VAT Declaration using the Tax Declaration (tfgld1625m000) session, after the generated XML-files are successfully submitted to the eTax portal of Slovenian Tax Authority. Specify the value in the Payment Reference field in the header section of Tax Declaration (tfgld1625m000) session, generated on the eTax portal of Slovenian Tax Authority once, the submitted XML-file with VAT declaration is successfully processed.
  18. Pay the VAT Declaration number using the standard Paying the tax declaration process.