Accounts Receivable Tax Report

Use the Accounts Receivable Tax Report to select for a company and time period all invoices or credits that make up the trading figures. These invoices or credits are used to generate the final tax figures that can be reported to the tax authority.

It is a common requirement for tax authorities to require periodic submission of invoice details for Accounts Receivable, in addition to the summarized tax declarations, which are often submitted at the same time.

Submissions can be required on a monthly, quarterly, and/or annual basis.

The information generated into the report is a comprehensive list of potential data that can be used to classify the data or taxes for the tax authority. The list includes this information:

• Taxable values against each invoice in base currency and the various taxes that have been applied
• Tax registration numbers of the customers for the invoices
• All sales registered within the Accounts Receivable ledger

Each invoice can have many taxes listed, which are separated by tax types, such as Excise and Service and are reported as necessary.