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How to: Set Up State Codes and Tax Identification Numbers for VAT

  • Article

To set up VAT, you must set up the state code and the Tax Identification Number (TIN) for the following:

  • Company

  • Location

  • Customer and vendor

  • Tax group codes for items

Note

You can also treat items as fixed assets.

To set up the state code and tax identification number for a company

  1. In the Search box, enter Company Information, and then choose the related link.

  2. On the General FastTab, in the State field, select the state code.

  3. On the Tax Information FastTab, under Tax/VAT, in the T.I.N. No. field, select the tax identification number.

  4. Choose the OK button.

To set up the state code and tax identification number for a location

  1. In the Search box, enter Locations, and then choose the related link.

  2. On the Home tab, in the Manage group, choose Edit.

  3. In the Location Card window, on the General FastTab, in the State Code field, select the state code.

  4. On the Tax Information FastTab, in the T.I.N. No. field, select the tax identification number.

  5. Choose the OK button.

The following procedure describes how to set up the state code and tax information for a customer, but the same steps also apply to a vendor. For more information, see Vendor.

To set up the state code and tax identification number for a customer

  1. In the Search box, enter Customers, and then choose the related link.

  2. On the Home tab, in the Manage group, choose Edit.

  3. In the Customer Card window, on the General FastTab, in the State Code field, select the state code.

  4. On the Tax Information FastTab, under VAT, in the T.I.N. No. field, select the tax identification number.

  5. Choose the OK button.

To set up the tax group code for an item

  1. In the Search box, enter Items, and then choose the related link.

  2. On the Home tab, in the Manage group, choose Edit.

  3. On the Invoicing FastTab, in the Tax Group Code field, select the tax group code.

  4. On the Tax Information FastTab, under VAT, select the Fixed Asset check box to treat the item as a fixed asset.

  5. Choose the OK button.

See Also

Tasks

How to: Set Up VAT
How to: Post VAT Transactions
How to: Calculate VAT for Purchase Documents

Concepts

VAT Overview
VAT Opening Overview