Reverse Charge
CAUTION!
The following instruction doesn’t contain information on the applicable tax laws.
For more information on the reverse charge procedure or intra-Community deliveries, please contact your tax advisor or auditor.
This chapter describes how to set up the correct VAT posting in service documents for EU transactions in accordance with the reverse charge procedure or an intra-Community supply in TRASER DMS 365. In TRASER DMS 365, VAT is calculated using VAT posting groups. To set up the appropriate VAT posting groups for VAT calculation, please proceed as follows:
Note
The following description assumes that you have already set up the required VAT posting groups on the VAT Posting Setup page. If you require further information on how to set up VAT posting groups, please contact your representative at TRASER Software GmbH.
- Use the quick search (ALT+Q) to find the General Ledger Setup page.
- Navigate to the TRASER FastTab.
- In the VAT Bus. Post. Group Intra-Community Supply field, select the posting group to be used if the EU transaction is considered an intra-Community supply and must be posted as tax-exempt in accordance with § 6a UStG. This is the case if more than 50 % of the total invoice amount in a service order is attributable to spare parts.
- In the VAT Prod. Post. Group Intra-Community Supply field, select the posting group to be used if the EU transaction is considered an intra-Community supply and must be posted as tax-exempt in accordance with § 6a UStG. This is the case if more than 50 % of the total invoice amount in a service order is attributable to spare parts.
You have successfully set up the VAT calculation for the reverse charge procedure and intra-Community deliveries. When posting service documents for a customer who belongs to the corresponding VAT business posting group, VAT is now calculated automatically and correctly.