VAT periodic reporting
Requirement
For most companies in this Norway, the SAFT VAT declaration return must be submitted on a bimonthly basis.
M3 solution
The calculation, accounting, reporting, and reconciliation of value added tax is supported by generic functionality M3. This process is supported through VAT report templates. These templates are user defined and used in VAT proposals, reconciliation, and report functions. Reports and electronic messages are based on these templates.
For this country version, this message is used for bimonthly electronic VAT reporting: M3FBM_NO_Out_VATReport_SAFT_2022.
This XML file can be imported to the Norwegian tax portal.
See the Infor M3 CoreAdministration Guide for the ION configuration of this message.
Configuration guidelines
| Program ID | Program Name | Description or Comment |
|---|---|---|
| CRS030 | VAT Code. Open | |
| CRS031 | VAT Rate. Open | |
| CRS692 | Bank Account. Open |
Bank account type Specify 1-Company bank account. Bank priority Specify the bank priority, 99 is the highest priority in M3. XML output file will take the one with highest priority. Status Specify 20-Definite. Currency Specify NOK. IBAN Set the IBAN of the reporting company. If IBAN field is blank the XML output file will show blank element for norsk Kontonummer. |
| TXS005-TXS009 | VAT Report Template. Open |
You must define information in (TXS005) before reports can be created in ‘VAT Run. Open’ (TXS100). The VAT report template is used to select the relevant transactions to be included in the VAT report. The VAT base and VAT are included. The transactions are selected from the general ledger, according to the line selection defined in the VAT report template. Connect the report line to one or several line selections. For each line, define ranges of values in the From and To fields in ‘VAT Report Template. Connect Line Sel’ (TXS009/E), for example, for the VAT code and the VAT account type. To minimize the number of lines to be defined, you can specify an exception for the line selection in the Exception from and Exception to fields. See Configuration guidelines for ‘VAT Report Template. Open (TXS005, TXS008, TXS009, TXS006, TXS007, TXS004)’ |
| TXS100 | VAT Run. Open | Create VAT Report. |