VAT & WHT

💡These articles explain how to set up Value Added Tax (VAT) and withholding tax (WHT), including South African VAT Types, and how to reconcile them.

Articles#

• South African VAT Types: Lists the VAT Types needed to report VAT correctly to SARS in South Africa.
• Tax Reconciliation Interface: Describes the Tax Reconciliation list view and the VAT, WHT Offset and WHT Payable reconciliation edit views.
• Tax Reconciliation Setup Tutorials: Shows how to set up Tax Reconciliation: the VAT general settings, its Menu Group, user access and statuses.
• Thai VAT Types: Lists the VAT Types needed to report VAT correctly to the Revenue Department in Thailand.
• VAT Reconciliation Tutorials: Shows how to create a VAT Reconciliation, read its on-screen totals for your VAT return and edit a completed one.
• VAT Setup for Transaction Types Tutorials: Shows how to set VAT defaults for Transaction Types: imported VAT settings, default VAT Type, input/output and inclusive/exclusive.
• VAT Types Interface: Describes the buttons and fields of the VAT Types tab, where you set up the VAT rates used on transactions.
• VAT Types Tutorials: Shows how to create, edit and delete VAT Types to comply with your country's VAT regulations.
• WHT Reconciliation Tutorials: Shows how to create a WHT reconciliation and edit a completed one.
• WHT Setup Steps: Lists the steps to set up WHT: create WHT accounts, add them to customers and suppliers, and activate WHT for Transaction Types.
• WHT Tutorials: Shows how to assign WHT on invoices, set it on multiple items and process it on customer receipts and supplier payments.