VAT on imported goods

Requirement

VAT is charged on imported goods based on their value. The customs invoice includes VAT.

M3 solution

This requirement is supported by M3.

Configuration guidelines

Program ID	Program name	Description or comment
CRS030	VAT Code. Open	Define the VAT codes for the VAT rules.
TXS020	VAT Exception. Open	Set up VAT exceptions for specific cases such as combined VAT or VAT reverse charge.

See VAT periodic reporting – communication of purchase lists.