You can prepare and submit VAT reports, including VAT return reports, to the Latvian tax authorities.

1. Click General ledger> Setup> Sales tax> LV settings> VAT report setupto open the VAT report setupform.

2. In the upper pane, press CTRL+N to create a new reporting code line.

3. In the Settlement periodfield, select the code for the sales tax settlement period.

4. In the Reporting codefield, enter a tax reporting code.

5. In the Percentfield, enter the percentage for calculation of the tax base amount. If this field is left blank, the tax value is used to calculate VAT.

6. In the Sum limitsfield, enter the minimum amount of deal for printing on a separate tax report attachment line.

7. In the Report layoutfield, select either Latviaor EU Member Statesas the report layout.

8. In the lower pane, press CTRL+N to create a set of tax codes for the selected reporting code. The reporting code is displayed in the Reporting codefield, based on the settings that you made in the upper pane.

9. In the Sales tax codefield, select the sales tax code. The name of the sales tax code is displayed in the Namefield automatically based on the settings that you made in the other fields. The sales tax code that applies to the invoice after settlement is displayed in the Payment sales tax codefield based on the settings that you made in the other fields.

10. Select the Debitcheck box to report debit transactions only.

11. Select the Creditcheck box to report credit transactions only.

12. Select the Paymentcheck box to report tax payment transactions only.

13. Press CTRL+S or close the form.