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Overview

VAT is a tax levied on goods and services sold within the European Union (EU), and both iMIS and e-Series modules fully implement VAT. This allows you to tailor your organization's taxation method for the EU member countries in which you have operations. Applicable taxes then will be calculated automatically based on a customer's country.

The tax codes for the VAT taxation method will need to be set up in iMIS before they can be used. If these tax codes are not defined on the Product_Tax table, any taxes calculated will equal zero.

You will need to perform the following tasks in iMIS to implement VAT:

See Also

Value-Added Tax (VAT)

Defining VAT and Intrastate Country Codes

Entering an Organization’s VAT Information

Setting up Company Flow Down for VAT

Defining VAT Tax Codes

Enabling VAT Taxation

Setting Up VAT for Event Functions

Setting Up VAT for Orders

Applying VAT in Daily Operations

Validating VAT


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