Articles on: VAT application in invoices

How to Activate the Display of VAT Types in Invoices?

Adding VAT types to your account in Invoice123 is important for ensuring compliance with tax regulations, providing transparency to clients regarding tax components, and facilitating streamlined accounting and reporting. It helps accurately calculate and report VAT, simplifies tracking of taxable sales and input tax credits, and enhances customer trust by demonstrating credibility in tax compliance.

How to do it?

Select SETTINGS from the menu bar

Select TYPES OF VAT in the sidebar

Activate the SHOW VAT TYPE DESCRIPTIONS IN INVOICES settings and add needed VAT types

Confirm the settings by clicking SAVE CHANGES

The selected VAT types will be visible on the invoice and its documents

Updated on: 30/05/2024

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