Define CZ Tax Reporting

Abstract

'Settings - Tax Reporting' (TXCZ01) has been added to enable thfe user to define if non-EU, non-domestic, invoices should be excluded from VAT reporting, and adjust the VAT date of the credit notes to the next banking day. This only applies to country version CZ.

Outcome

  • Setting the field 'Exclude non-EU inv' to '0 = No, VAT date is not adjusted’ the non-EU invoices, non-domestic invoices, and credit notes, are updated according to the VAT date method on the 'VAT Code. Open' (CRS030).
  • Setting the field ‘Exclude non-EU inv’ to '1 = Yes, VAT date can be adjusted’ the non-EU invoices, non-domestic invoices are excluded in the VAT report by leaving the VAT date blank, with additional information 399 ‘Blank VAT date’ and an update to reminder stop set to '8'. These invoices (non-EU and non-domestic) are displayed in 'VAT Date. Enter' (GLC300) waiting for confirmation and updates. Using this setting, the VAT date on the credit note is automatically adjusted to the next banking day.

Before you start

  1. A division must be defined with country 'CZ' and country version ‘CZ’ in 'Company. Connect Division' (MNS100).
  2. In (TXCZ01) set the field ‘Exclude non-EU inv’ to '1 = Yes, VAT date can be adjusted’.
  3. The customer invoice that you will be processing that belongs to non-EU country, or the setting for the 'Intr/Extr stat' field, should be '0' or '2' in 'Country. Open' (CRS045).

Follow these steps

  1. In (GLC300) select the customer invoice on which the VAT date is to be updated.
  2. Select option 7 – ‘Change VAT info.
  3. Click next until you get to 'General Ledger. Display Transactions' (GLS211/G).
  4. Change the VAT date.

After updating the VAT date, the selected invoice is removed in (GLC300).