Dear friends ,
We are fighting to find a way to set up a new tax code for a Belgium company for the following purpose;
"VAT EU Purchase goods 21%, Reverse charge, non-deductible 25%"
tax type: Input tax
EU Code / Code: 9 Acquisition Tax or General Tax with Zero Balance
We have defined correctly the GL accounts and the struggle is to set up the amounts in the Cond Type fields.
So far this is the set up we have;
MWVS Input tax 15,75 120 100 VST
MWVZ Non-deduct.Input Tax 5,25 140 100 NVV
NLXA Acquisition Tax Cred 0,00 170 100 ESA
NLXV Acquisition Tax Deb. 0,00 180 170 ESE
Does anyone knows the config we need to do in order to attend the specific of this tax code description?