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Aug 11, 2023 at 09:45 AM

Setting up new tax code for Belgium entity

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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?