Accounts Payable Tax Report

Use the Accounts Payable 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 Payable, 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 suppliers for the various taxes
• All purchases registered within the Accounts Payable ledger

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