How to Apply Reverse Charge VAT?
Reverse charge VAT is typically applied in situations where the responsibility for reporting and paying VAT shifts from the supplier to the customer. It is commonly used in business-to-business transactions involving goods or services that fall within the scope of reverse charge rules.
It's important to note that the specific rules and conditions for applying reverse charge VAT may vary between countries. Therefore, it is advisable to consult with local tax authorities or a tax professional to ensure compliance with the relevant regulations in your jurisdiction.
Select SETTINGS from the menu bar
Select TYPES OF VAT in the sidebar
Add the VAT25 type and select the article of the law
Confirm the settings by clicking SAVE CHANGES
When creating the invoice, select the newly added VAT25 type.
It's important to note that the specific rules and conditions for applying reverse charge VAT may vary between countries. Therefore, it is advisable to consult with local tax authorities or a tax professional to ensure compliance with the relevant regulations in your jurisdiction.
How to do it?
Select SETTINGS from the menu bar
Select TYPES OF VAT in the sidebar
Add the VAT25 type and select the article of the law
Confirm the settings by clicking SAVE CHANGES
When creating the invoice, select the newly added VAT25 type.
Updated on: 30/05/2024
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