VAT handling

The system supports VAT handling through VatDefinitions that apply in certain conditions.

Depending on the configuration, the following Transactions require a VatDefinition:

• Invoice
• Fees

The applicable VatDefinition is either selected from a list (in the AdminUI) or the coded in the workflow to be determined on source/target-country and process-type.

Each VatDefinition has the following parameters:

• Subsidiary - in which Subsidiary this VatDefinition applies
• VatType - VAT type, such as 'None', 'Low', 'High', which can be defined per Fee
• CountryCode - country of the 'other party' for which this VatDefinition applies
• ValidFrom - from which date this VatDefinition is valid
• VatRate - the actual VAT rate (between 0 and 1)

Each VatDefinition is the owner of a VAT accounting-account for every available currency.

A VAT transfer does not affect the TurnOver.