VAT charge

Select the source for payment of Value Added Tax (VAT) charges from the following options:

• From vendor funds –VAT payment is made from the vendor's income.

• From own funds –VAT payment is made from the tax agent's funds.

  Note
  If you select the From own fundsoption in the VAT chargefield for a sales tax code, then the Exemptcheck box in the Sales tax groupsform is selected by default for the same sales tax code.

Tax code for domestic market

Select the sales tax code for domestic trading operations.

Note
This code can be selected only for sales tax codes of the VAT 0%type.