How to Create Electronic VAT Transactions Reports

You must create a list of transactions that include VAT with amounts over the current threshold on or before the specified occurrence date. You submit this report to the tax authorities.

To create a VAT transactions report

  1. Choose the Search for Page or Report icon, enter VAT Report, and then choose the related link.

  2. Fill in the fields as described in the following table.

    Field Description
    Without Contract The VAT entries that resulted in this line are not associated with a contract.
    Contract The VAT entries that resulted in this line are associated with a contract.
    Other The VAT entries that resulted in this line are not associated with a special contract, such as ongoing maintenance or other exceptions.
    TIP

    In Business Central , the contract that the tax authorities are looking for can be blanket orders or service contracts. To identify if the VAT report line belongs to a blanket order or service contract, you can drill down to see the underlying VAT entries from the Amount field.

Credit memos are included in the VAT transaction report if the customer or vendor is from a country/region that is outside the EU and not black-listed. For more information, see Italian VAT.

Now that you have created the VAT report, you must submit it to the tax authorities. For more information, see Export VAT Transactions Reports.

See Also

Italian VAT


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