VAT Types Tutorials

How VAT Types work is explained on VAT Types Interface. You can create as many VAT Types as you need, each with its own percentage.

💡These tutorials explain how to create, edit and delete VAT Types to comply with your country's VAT regulations.

How to Create a VAT Type#

1. Navigate to Main Menu > Setup > Accounting > VAT Types (tab).
2. Click Add/Edit (button).
3. Click the top row and fill in the details as follows:
   1. Code = Enter a short description for the VAT Type.
   2. Description = Enter a description for the VAT Type.
   3. VAT % = Enter the prevailing VAT rate:
      • For zero-rated or exempt transactions, enter 0.
      • For VAT-only transactions (e.g. VAT on imports), enter 100.
4. Continue to add VAT Types as needed.
   • Note: If you press Tab to move between the fields, a new row opens when you press Tab after the VAT rate.
5. Click Save (button).

How to Edit a VAT Type#

1. Navigate to Main Menu > Setup > Accounting > VAT Types (tab).
2. Click Add/Edit (button).
3. Make the changes.
4. Click Save (button).

How to Delete a VAT Type#

1. Navigate to Main Menu > Setup > Accounting > VAT Types (tab).
2. Right-click an entry and select Delete.
3. Confirm the deletion on the popup.