15.16.1.4 VAT codes

VAT codes define the Value Added Tax (VAT) applied to invoices and bills when tax is applicable. This section allows you to configure the VAT codes used for commercial orders.

To edit a VAT code, click its Id, Code, or Description in the list.

Field Descriptions

Id: Automatically assigned by the system when the VAT code is created. This value cannot be modified.

Code: A unique identifier for the VAT code. This value cannot be modified after the VAT code has been created.

Description: A brief description of the VAT code.

VAT master code: If the VAT code is linked to another VAT code (for example, a foreign VAT code associated with a local VAT code), specify the corresponding master code.

Rate: The VAT percentage applied to invoices that use this VAT code.

Type - Select the appropriate VAT type

None: No special VAT classification is applied.

VAT-exempt: Use this option for goods or services that are exempt from VAT under applicable regulations.

Excluded: Use this option for transactions where VAT is excluded from the invoice amount.

Non-taxable: Use this option for goods or services that are not subject to VAT.

Additional Options

Include in Customers-Suppliers List: When enabled, transactions using this VAT code will be included in the Etere Money > Ledgers > Customers-Suppliers List report.

Non-Deductible: Specifies the percentage of VAT that cannot be deducted.