Field help (GACFLGVAT)

An account can have five different situations regarding the VAT (Value Added Tax):

• Subjected -  An account could receive postings that must be taken into account to determine the taxable basis on VAT declaration. The sales and purchase accounts must be set up as Subjected.
• Not subjected - An account has no relation with the VAT. The employee expense accounts, depreciation expense accounts or VAT accounts to adjust or declare must be set up as Not subjected.
• VAT account - An account receives postings that must be taken into account to determine the tax amount to declare.
• EU Tax account - An account receives postings that must be taken into account to determine the tax amount to declare in other EU countries.
• Prepayment account - account 409 or 419