General ledger> Setup> Sales tax> LV settings> VAT report setup

Use this form to prepare and submit VAT reports, including VAT return reports, for submittal to the Latvian tax authorities.

Note
At the header level, press CTRL+N to create a new reporting code line.

Task that uses this form

Navigating the form

The following table provides descriptions for the controls in this form.

Field

Description

Settlement period

Select a unique code for the sales tax settlement period.

Reporting code

Enter the tax reporting code.

Percent

Enter the percentage to calculate the tax base amount.

Note
If this field is left blank, the tax value is used for calculation of VAT.

Sum limits

Enter the minimum amount of transaction for printing on separate tax report attachment lines.

Report layout

Select the report layout from the following options:

Reporting code

The tax reporting code that is entered in the upper pane is displayed in the reporting line.

Note
Press CTRL+N to create a set of tax codes for the selected reporting code.

Sales tax code

Select the code that identifies the sales tax.

Name

The name of the sales tax code.

Payment sales tax code

The sales tax code that is applicable to an invoice after settlement.

Debit

Select this check box to include debit transactions.

Credit

Select this check box to include credit transactions.

Payment

Select this check box to include payment transactions.