VAT - Tax on Added Value (MATA995 - SIGAFIS)

Tax on Added Value (VAT) results from the transference of assets and services. Impacts all commercialization steps, being:

Good Value/(1+ (Rate/100))

Added VAT (IVC) - In this case, for the good valued 1000 (calculation base), established tax value is 120 (12% rate).

Rates are established by products group, in Legislation.

Previous registration for Tax Calculation

1. In Variable Taxes, select Add.

System displays add window.

2. Fill out data according to field help

3. This file has self-explanatory filling. However, check the most important information to register this tax:

Important information when the tax is created.
Description	Content	Important Notes
Registering a tax - VAT
Tax Code	VAT
Description	Impuesto sobre las Ventas
Field in Tax Records	1	Highlighted VAT is always saved in fields 1: Base, Rate and Tax amount)
Inflow Calculation Formula	M100IVA	You must check if all information is contemplated in calculation. This function is run internally when inflow invoices are generated either manually or through the purchase order.
Outflow Calculation Formula	M46OIVA	You must check if all information is contemplated in calculation. This function is analyzed with VAT calculation highlighted in the outflow. This function is run internally when outflow invoices are generated either manually or invoicing the order.
Fee %	12	12% Standard

Important information when the tax is created.
Description	Content	Important Notes
Creating a tax - IVC
Tax Code	IVC
Description	Impuesto sobre las Ventas
Field in Tax Records	1	Highlighted VAT is always saved in fields 1: BASIMP1, ALQIMP1, and VALIMP1.
Inflow Calculation Formula	M100IVA	This source must be created , and must use as example the source M100IVAI. This function is analyzed with VAT calculation highlighted in the inflows. This function is analyzed with VAT calculation added in the inflows. This function is run internally when inflow invoices are generated either manually or through the purchase order.
Outflow Calculation Formula	M46OIVA	This source must be created , and must use as example the source M460IVAI. This function is analyzed with VAT calculation added in the outflows. This function is run internally when outflow invoices are generated either manually or invoicing the order.
Fee %	12	12% Standard

See Also