VAT reimbursement report

Requirement

In Portugal, there is a legal requirement for VAT reimbursement.

All VAT transactions must be included. When a company, at the end of the month, has a position for VAT pending to receive from the government, in fact a negative tax balance, the company must provide a report discriminating suppliers that caused that situation.

The Portuguese law reference is "Mapa do pedido de reembolsos Despacho Normativo 342/93".

M3 solution

To permit identification of accounts for this report, a specific VAT account per VAT code must be used.

M3 Country Version for Portugal provides a specific report for VAT reimbursement.

Configuration guidelines

Program ID	Program name	Description or comment
GLS720		Define the 4 types of range of accounts: 1 IVA Liquidado (a pagar). 2 IVA Deddtivel (a receber) 3 IVA regularizaçoes a favor da empresa 4 IVA regularizaçoes a favor do estado
GLS725		2 reports: Summary and Detailed.