Declarations >  Tax management >  Portugal >  Setup >  VAT parameters  

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Use this function to define the parameters per company for the VAT declaration for Portuguese legislation.

Prerequisites

SEEREFERTTO Refer to documentation Implementation

Screen management

When setting up the Portuguese VAT, the data must be by company and by fiscal year:

  • On the first tab, enter the location of the main office and other sites if they are located in a different region from the main office as well general limits of data exclusion.
  • On the second tab, you can limit amounts for the recapitulative periodic declaration.
  • On the third tab, you can set amounts limits of exclusion as well the root accounts to be considered in special situations.

Header

Presentation

At this point you need to select the company, the ledger, and the year for the VAT declarations.

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Fields

The following fields are present on this tab :

It is the code of the company where we want to extract the data.
This company must be legal since fiscal declarations are only possible for juridic entities.
  • Ledger type (field LEDTYP)

The ledger type will determine the ledger where the data for the declaration will be triggered.

By default this ledger should be the social one. If not, you should make sure that the chosen ledger is connected to a chart of accounts where taxes are managed.
  • Year (field YEA)

 

 

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Tab General

Presentation

In these field you define the company and year how is the VAT declaration organized according to:

  • Geographic areas - Define the main office location and, if applicable, the region for other sites if different from the main office.
  • Account roots - According to each case, define the account roots to help the process to be more accurate.

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Fields

The following fields are present on this tab :

Tax region

  • Headquarters fiscal area (field HQRLOC)

It is the location where the headquarters of the company are settled.
  • Fiscal area - annex R1 (field AN1LOC)

It is the location where in the islands (Madeira or Azores) there is a site financial site.

If the company has a site located in one of the islands, it must be indicated in wich island. If there is a site in both islands, the second fiscal area should be also used. If it's not the case the "Not aplicable" choice should be aplied.

Account roots

  • Bank account (field BANACCROT)

It is used to define the banks root of accounts. This will allow to trigger the bank fiscal number in transactions where we have bank expenses.
  • Customer financial discount (field BPCDISROT)

It is used to set the root of discount accounts. If a general entry triggers a line with an account under this root, the system will zoom into the original payment (if it exists) to trigger the BP fiscal number associated to this transaction.

  • Supplier financial discount (field BPSDISROT)

 
  • VAT to pay (field VATTPAROT)

It is used to set the root of accounts concerning VAT to pay and VAT to receive in order to exclude these accounts from the calculation process.

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Tab Periodic

Presentation

On this tab, you must define the amounts (in the company currency) regarding the threshold of totals by business partner, which must be declared in the periodic declaration concerning the VAT to collect, deduce, and regularize.

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Fields

The following fields are present on this tab :

Cap

  • Purchasing cap (field MAXAMTPURP)

This field represents the threshold where the data regarding each recap will be detailed by BP. Under this amount, the BP will not be detailed in the declaration.
  • Sales cap (field MAXAMTSALP)

 
  • Adjustments cap (field MAXAMTSTLP)

 

Other

  • Tax credit recovery (field TAXCDTREC)
When a company has a VAT credit, select one of the options below to assign a default action for how this credit is managed.
None: No default action occurs.
Request reimbursement: The amount from field 94 is copied to field 95.
Carry forward excess: The amount from field 94 is copied to field 96.

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Tab Annual

Presentation

 On this tab, you need to define the required set up for the yearly declaration regarding:

  • The threshold amounts (in company currency) where for each business partner type the business amounts are declared.
  • The root accounts to distinguish the VAT regularization transaction type.
  • The root accounts that must be excluded in the recap calculations.

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Fields

The following fields are present on this tab :

Cap

  • Purchasing cap (field MAXAMTPURA)

This field represents the threshold where the data regarding each recap will be detailed by BP. Under this amount, the BP will not be detailed in the declaration.
  • Sales cap (field MAXAMTSALA)

 

Annual - account roots

  • Service sales (field SALSRVROT)

This field represents the root of accounts concerning the sell of goods and services. This definition will help to split the values according to the type of sales.

  • Good sales (field SALGOOROT)

 

Exceptions - account roots

  • Recap account exception 1 (field RCAEXNROT1)

Use this field to indicate the root accounts not to be considered in the recap calculation.

  • Recap account exception 2 (field RCAEXNROT2)

 
  • Recap account exception 3 (field RCAEXNROT3)

 
  • Recap account exception 4 (field RCAEXNROT4)

 

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Specific Buttons

This button gives the you to set up the Taxes codes for each declaration field.

Error messages

The only error messages are the generic ones.

Tables used

SEEREFERTTO Refer to documentation Implementation