Manage VAT zones and categories

In some countries (for example: most European countries), taxes and their rates are defined at the federal level.
In other countries, taxes are applied at multiple levels (federal, state, county, and municipality).

So the taxes and their rates may differ from place to place, and may be common on the same territory.
In Visma.net ERP, you can organise the taxes by groups that are applicable in the same place by creating the VAT zones.

The taxes and their rates may be different depending on the type of the goods or services you sell or purchase.
For example: Whether you sell electronic goods or the food, the applied rate of the sales tax may be different on the same territory.
In Visma.net ERP, you can create the VAT categories to group the taxes applicable to particular services or goods, thus to set up the correct applying of taxes in the documents.

These topics describe how to create the VAT zones and categories and to include to them the appropriate taxes applied to each particular product sold or purchased in a particular place.

Topics