How do you set up the VAT codes

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.

In MKG, rules can be created with the different percentages. These rules are linked to general ledger accounts for Purchases, Sales, and Foreign Purchases/Shifted. In addition to linking with general ledger accounts, a link is also made with the VAT categories used on the VAT return form:

1a. Deliveries/services taxed at a high rate.
1b. Deliveries/services taxed at a low rate.
1c. Deliveries/services taxed at other rates except 0%.
1d. Private use.
1e. Deliveries/services taxed at 0% or not taxed by you.

VAT on purchases does not need to be split into different accounts at the high and low rates for the VAT return. One general ledger account can be used for this.

In principle, 5 general ledger accounts are sufficient to process VAT correctly in MKG:

Payable high (credit)
Payable low (credit)
Payable foreign purchases and shifted purchases (credit)
Recoverable high/prepayment (debit)
Period settlement Tax Authorities (VAT payment)

Note!
For foreign purchases, MKG always makes a booking for 'VAT not stated on the invoice'. This VAT must also be declared as payable on the return form but is deducted as a prepayment.

Knowledge Center
How do you set up the purchasing groups?
How do you set up the sales groups?

vat ledger account vat declaration vat section vat shifted turnover tax create sales invoice foreign country percentage domestic european union enter invoice

Published:29 jun 2025 11:01
TypeHandleidingen
Category
Financial, VAT
Product
MKG5
Availability
Openbaar