Maintaining VAT
Polish law enables the settlement of VAT in a period other than the period when the document is posted. Therefore, to pay the value added tax on goods and services (VAT) to the tax office, it is necessary to specify when a transaction caused tax liability i.e to determine the VAT settlement date. The VAT settlement date determines when the sales tax should be paid and if any VAT amounts should be deducted in subsequent months.
As part of the Polish Localization application, a number of solutions have been prepared to support VAT-related processes in compliance with the regulations in force in Poland.
| To | See |
|---|---|
| Apply VAT in a period other than period when the document was posted, create the relevant VAT periods, and use the postponed VAT functionality | VAT Settlement Date |
| Calculate the amount of the sales (input) and purchase (output) VAT and print the report | Sales/Purchase VAT Register |
| Manage VAT entries on the VAT Application Worksheet page and change the VAT setup in the entries | VAT Application Worksheet |
| Assign VAT attributes, use default VAT attributes, and change VAT attributes on posted documents | VAT Attributes |
| Streamline the use of entries when the value of the applied VAT changes in a given period | Detailed VAT Entries |
| Simplify the recording of transactions with one-time contractors in the VAT register | Posting VAT Documents in General Journals |
| Manually enter the VAT base amount to post transactions that include only the VAT amount | Posting a Full VAT Amount |
| Exclude transaction entries not subject to VAT in the VAT register | Skipping Transactions in the VAT Register |
| Define an internal customer and charge VAT on goods transferred free of charge | Sales Orders and Internal Invoices |
| Calculate the amounts of sales and purchase VAT for intra-Community sales and purchase transactions and calculate VAT in a local currency | Reverse Charge VAT |
| Use another exchange rate to convert the VAT base and VAT amount - the exchange rate that is other than for the calculation of the value of costs/revenues and liabilities/receivables | Additional Currency Exchange Rate for Calculation of VAT Amount Conversion in a Foreign Currency on Domestic Invoices |
| Process third-party transactions by using the simplified procedure for entity 2 in the supply chain | Third-party Transactions |
| Set default VAT settlement postponement, change VAT settlement date, post sales credit memo with postponed VAT, apply postponed VAT | Postponed VAT |
| Check the status of VAT payees and payers directly from cards and documents in Business Central | Checking the VAT Status of a Business Entity |
| Learn how to verify contractors using a flat file and how to download data from government services | VAT Taxpayer Register |
| Learn and control the rules for creating posting descriptions in general ledger entries | Copying a Line Description to a G/L Entry |
| Learn how to include different types of tax identification numbers in the application, including tax identification numbers with the relevant country codes, and how to enter these numbers in cards, documents, and reports | VAT Registration Number Origin Country Code |
| Allow automatic change of VAT country/region code depending on the VAT/VAT origin country code and allow the use of alternative VAT/VAT numbers on sales documents | Alternative Customer VAT Registration Numbers |
| Create VAT-EU returns and their corrections in order to report intra-Community supplies of goods, acquisition of goods, sale of services taxable in the country of the buyer's registered office, supplies under the simplified procedure in a triangular transaction to the second or last taxpayer of such a transaction | VAT-UE Declaration |
| Settle VAT at the end of the month on the basis of the generated SAF-T VAT declaration | VAT Reclassification at the End of the Month |
| Learn the rules for recording data in the SAF-T VAT file | Data Registration for a JPK_VAT File with the Declaration |