Visma Net

VAT categories (TX205500)

This topic gives you information about the elements that you find in this window in Visma Net, such as fields, field values, buttons, and check boxes.

You can use this window to create VAT categories, or to view or edit existing VAT categories.
A VAT category groups the taxes that are applied to products or services of the same type.

The top part

Element	Description
VAT category ID	The unique ID of the VAT category. An alphanumeric string of up to six characters.
Description	A detailed description of the category.
Active	When selected, this VAT category is active.
Exclude listed taxes	When selected, this VAT category should exclude the listed taxes from VAT zones.
Standard VAT code	The standard VAT code to be used on documents.
VAT type	The type of VAT, which defines how it is processed. The following options are available: Sales, Purchase, and Both.

The table

Column	Description
VAT ID	The ID of the VAT included in the category. Once you select a VAT by its ID, the other columns of the row are filled in.
Description	The detailed description of the VAT item.
VAT type	The type of VAT, which defines how it is processed. The following options are available: Sales, Purchase, and Both .
Calculate on	The way the VAT amount is calculated, which can be one of the following: Extract from item amount: The VAT amount is included in item amounts and should be extracted. Document amount: This is a first-level VAT calculated on the document amount, not on a per-item basis. Document and VAT amount: This is a second-level VAT calculated on the document amount and the amount of the first-level VAT.
Cash discount	The method of calculating the taxable amount if a discount is applied (based on the payment terms). It can be one of the following: Reduces VAT amount: The discount is taken on the total amount calculated for the document. The VAT amount is decreased by the discount. Does not affect VAT amount: The discount is taken on the document total, but the VAT is also calculated on the document total. The VAT amount is not affected by the discount.