The country code in MKG is necessary for proper addressing and handling of the VAT declaration. By indicating that it concerns an EU country, the correct VAT section is selected. If it concerns a foreign company, an ICP declaration must also be filed.

In the 'VAT' process table, various VAT rates can be created. Additionally, the links between general ledger accounts and the VAT rates can be maintained. A distinction can be made between country types.

You sell your products not only in the Netherlands but also abroad. The difference lies in whether you are dealing with an EU country or a non-EU country. This mainly affects the administrative handling of VAT. In this article, you will learn how to book an EU sales invoice.

The 'Payment Discount' table is used to create discount rules that are applied as a discount percentage in the Sales or Purchase module. A number of days is associated with the payment discount during which the discount is applicable.

If sales or purchases are made abroad with a certain threshold value, a declaration of goods that have crossed the border must be provided based on the so-called Intrastat Code.