How to: Set Up Non-Deductible VAT

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You can calculate VAT amounts for specific types of expenses which can be partially declared as VAT. For example, in the G/L Account Card window, if you enter 75 percent in the % Non-Deductible VAT field, then 75 percent of the regular VAT amount is considered an additional cost and will be added to the net amount during posting. The remaining 25 percent will be posted as regular VAT.

Note

If no value is entered in the % Non-Deductible VAT field, the VAT amount is 100 percent deductible.

To set up the non-deductible VAT percentage

  1. In the Search box, enter Chart of Accounts, and then choose the related link.

  2. Select a general ledger expense account that requires the partial deduction, and on the Home tab, in the Manage group, choose Edit.

  3. On the Posting FastTab, enter the amount in % Non deductible VAT field.

  4. Choose the OK button.

See Also

Tasks

How to: Print Periodic VAT Reports

Concepts

Belgian VAT