Set up VAT calculation

You should complete the following configuration steps to make the system to calculate VAT amounts in the documents that users create:

1. Create separate VAT rates if the rate of a particular VAT varies depending on the geographical location or the category of goods or services (for example, taxable or VAT-exempt).
   
2. Create all required VAT categories, considering all the products and services your company sells or purchases.
   Add the appropriate VAT rates to each VAT category.
   
3. Create all required VAT zones, considering all the geographical locations of your customers and suppliers, and add the appropriate VAT rates to each VAT zone.
   
4. Specify the appropriate VAT category for each stock or non-stock item on the General settings tab of the Stock items (IN202500) or Non-stock items (IN202000) window, respectively.
   
   You can create new stock or non-stock items and specify the VAT category during their creation.
   You can also change the VAT category for an existing stock or non-stock items if any default VAT categories were specified during their creation.
5. Specify the VAT zone for each supplier on the Purchase settings tab of the Suppliers (AP303000) window, and for each existing customer on the Delivery settings tab of the Customers (AR303000) window.
6. If you use different VAT categories for different customers, customer locations, and suppliers, set the appropriate export type per customer location or customer class, and import type per supplier class. Continue to Step 7.
7. In the item classes, specify the VAT categories associated with the export and import types. For more information, see: About suggested VAT categories.

After you have performed these steps, Visma Net will automatically calculate VAT for each invoice or similar document in the system.