VAT periodic reporting

Requirement

This requirement is based on the Slovakian VAT law, §78a of Act no. 222/2004.

M3 solution

The summarized information required for VAT return is created by M3. Generic functionality includes calculation, accounting, reporting, and reconciliation of VAT.

User-defined VAT report templates are used in the VAT proposal, reconciliation, and report functions. Reports and electronic messages are based on these templates.

For this country version, this Financial Business Message (FBM) is used: M3FBM_SK_Out_InvoiceList_VATReport_KVDPH_2017. This message has been developed to create the XML message for the sales and purchase invoices, as an addition to the VAT report, using the kv_dph_2017 message format. This message is provided in addition to the VAT report that is required in Slovakia since January 1, 2014.

For the monthly VAT report DPH-2021, this FBM is also available: M3FBM_SK_Out_VATReport_DPH2021. This message has been developed for the creation of the XML message for the sales and purchase invoices, as an addition to the VAT report, using the DPH2021 message format. This message can be uploaded to this tax portal: pfseform.financnasprava.sk.

For the selection of the relevant invoices, a specific VAT report template is required in M3, with fixed ranges of line IDs for each report section.

See the Infor M3 Cloud Configuration Guide for the ION configuration of this message.