Hi Experts,
We are doing implementation for one of our Norwegian clients and we have few basic questions for VAT Set Up and Reporting. Please refer below questions:
1) Can anyone share complete guide for configuration? [ We already configured the connection with ID PORTAN]
2) What is the concept of tagging VAT Codes with G/L Accounts?
3) Suppose i want to use one G/L Accounts for Standard Rate as well as for Exempt Rate. Where can i define the VAT code?
4) How to configure Reverse Chart Transactions while configuring VAT.
Thanks in advance.
Here you have some documentation on Norwegian VAT reporting:
learn.microsoft.com/.../norwegian-vat-reporting
And here are on the VAT codes.
And here how you should use the VAT codes in journals
Hi, I would like to give some answers on Norway specifics. VAT Codes are required to map VAT posting setup with SAF-T reporting. About Reverse Charging you have this option in VAT Calculation Type. But in general, VAT setup should be done by someone who now local regulations.
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