You use the import VAT feature when you need to post a document where the entire amount must be treated as VAT. This is necessary if you receive a VAT invoice from the tax authorities for imported goods.
To set up codes for import VAT
In the Search box, enter VAT Product Posting Groups, and then choose the related link.
In the VAT Product Posting Groups window, set up a new VAT posting group for import VAT.
In the Search box, enter VAT Posting Setup, and then choose the related link.
In the VAT Posting Setup window, set up a new line. You may use any of your existing VAT business posting groups in combination with the new VAT product posting group for import VAT.
To view the options, choose the VAT Calculation Type field and then select the option Full VAT.
In the Purchase VAT Account field, enter the general ledger account that must be used for posting import VAT. You do not have to enter any other general ledger accounts on the line.
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For more information about how to work with fields and columns, see Working with Microsoft Dynamics NAV. For more information about how to find specific pages, see Search. |