21242018 AT Report VAT Reports Contents @ What is VAT? @ Use of VAT Reports in tax compliance @ VAT Reports Explanation @ Conclusion What is VAT? Intpiiwww greenchaln bizview_vat php ans21242018 VAT Report @® VAT is an indirect tax applied upon the consumption of most goods a services. ® VAT is levied by VAT registered businesses which make supplies of g and services in the course or furtherance of their business. VAT will apply on the importation of goods. @ Although VAT will apply to most goods and services there are some exceptions: this includes basic food items, essential medicines and ex; of goods and international services which are expected to be zero supplies. ® Furthermore other supplies such as healthcare, education, sale or of residential property, finance and insurance are expected to be exi from VAT. Seeded Reports @ Input VAT Report @ Output VAT Report @ Tax Audit Trail Report @ Tax Received Report @ Tax Reconciliation Report Input VAT Report Intpiiwww greenchaln bizview_vat php ans21242018 AT Report @ Use the Input VAT report to review tax information on your invoices for all purchases and expenses during each tax reporting period. When you make purchase returns or discounts after the end of the month must report a credit against the original Government Uniform Invoice Input VAT report displays the original Government Uniform Invoice num! the credit or debit memo if the memo was entered by matching to an invo the credit or debit memo was not matched to an invoice, the report show credit or debit memo number Supports multi-organization reporting. Report Parameters @ Reporting Level @ Reporting Context @ Start Accounting Period @ End Accounting Period @ Start GL Date @ End GL Date @ Start Invoice Date @ End Invoice Date Report display variance @ Operating Level Prints all the information except Taxable person, Tax payer ID an Tax registration number Intpiiwww greenchaln bizview_vat php ans21242018 VAT Report @ Legal Entity Level Prints the company tax registration number and taxpayer ID onl when you report on the legal entity level. Report displays Tax Types @ Government Tax Type @The government tax type for the invoice: Exempt @Taxable @Zero-Rate @ Deductible Type @The deductible type for the invoice: Deductible Purchase/Expense @ Deductible Fixed Assets @The column is blank for non-deductible invoices. Legal Entity Level Intpiiwww greenchaln bizview_vat php 4321242018 VAT Report ORACLE E-Business Tax Input VAT Report ————...._ ae ew ey ‘Spertens Operating Level ORACLE. Business Tax Input VAT Report -(UNNNNNNNIRSSstD 12002017 1 Certara) ier Operation 088) Tv anager, Ven Comat mw-oreset TosoDS ‘Sie epee re “8 RE + Tarmws —fourort—sarooanos Omen Soe in 2000 a0 Renan Tet aor 8s sosz2 : ntorrepen Output VAT Report htpyiwww graenchain bizWiew_vat php 91321242018 VAT Report @ Use the Output VAT report to review tax information on invoices for all sales during each tax reporting period. Send the Ou VAT report and the EDI Government Uniform Invoice file to you authority for reporting purposes. @ If a return or discount occurs after the end of the month, you | report a credit against the original Government Uniform Invoice. Output VAT report displays the original Government Uniform Inv number instead of the credit memo number. @ The Output VAT report supports multi-organization reporting. Report Parameters @ Reporting Level @ Reporting Context @ Start Accounting Period @ End Accounting Period @ Start GL Date @ End GL Date @ Start Invoice Date @ End Invoice Date Report display variance @ Operating Level Prints all the information except Taxable person, Tax payer ID an Tax registration number Intpiiwww greenchaln bizview_vat php 613anao18 VAT Report @ Legal Entity Level Prints the company tax registration number and taxpayer ID onl when you report on the legal entity level. Example ORACLE E-Business Tax ‘Output VAT Report Reorome — raocTaerre netions (USA) fade Operon (USA) Tax Audit Trail Order htpyiwww graenchain bizWiew_vat php ms21242018 VAT Report @ Use this report to review tax information for posted or par posted invoices you select. You can order this report either by Name or Invoice. @ Payables provides detail tax and invoice information and the amounts for each tax name, invoice currency, and functional curr in addition to the total amount for each tax name. For each tax r you specify, Payables lists all posted or partially posted invoice which you have entered tax information. For each invoice, Pay: specifies the tax amount as well as the invoice amount subject to 1 Report Parameters @ Start/End Accounting Period. The beginning and ending accounting periods for whic want tax information. You may instead choose to enter a Begin and End Invoice Date for you want tax information. Begin/End Invoice Date. Payables lists tax information for ir that you create or update on or after this date. @ If you enter an Accounting period, you do not need to enter a Begin and End Invoici unless you wish to select a time period within an Accounting Period. Payables then lis invoices between the Begin and End Invoice Date in the Accounting Period you choose. @ Tax Name. Enter the tax name for which you want to review tax information. Payabl« invoices using this tax name. Leave this field blank to review tax information for invoice any tax name. © Report Ordered By. Sort report output by: @ Invoice. @ Tax Name. Example Intpiiwww greenchaln bizview_vat php ans21242018 VAT Report ORACLE E.susiness Tax Tax Audit Trail Order INVOICE Noporuaersocrz0ie 10 omen Rope, ne ans Tax Received Report @ Use this report to review the amount of taxes you received for e taxable debit item. @ The Tax Received report automatically sorts by tax code and lets see how much tax you received for the GL date range that you sp or for a specific tax code. @ This report displays the Amount Received in the currency of the transaction. hitpiww greenchain biziew_vat php21242018 VAT Report Report Parameters © Reporting Level: Enter Ledger, Legal Entity, or Operating Unit fo level that you want to run the report on. The list of values is restric by the MO: Top Reporting Level profile option that is defined for y: responsibility. The default value is Operating Unit. @ Order By: Receivables uses state to order your report informatio: @ State: Select and print your report information from the state rar you specify. @ GL Date: Select and print your report information from the debit item GL date range you specify. Example ORACLE £ Business Tax Tax Received Report aE [Bae ed ial Poe 2 of 2 omen a is hitpiww greenchain biziew_vat php 1011321242018 AT Report Tax Reconciliation Report @ Use the Tax Reconciliation Report to prepare the Output Tax porti of your periodic tax returns. @ This report lists the taxable and tax amounts, by tax account, « Receivables transactions for a given period to enable you to ide and review your tax liability for various tax rate codes. @ The Tax Account Low/High parameters let you select tax liability accounts from your General Ledger. @ The report also provides you with all of the transaction detail the Receivables sub ledger to help you reconcile the Output Tax po of your tax returns to the General Ledger. Report Parameters @ Tax Account Low/High: Select the General Ledger account range to review. @ Include options: Set the options to Yes for the transactions that you want to include in this report. @ Transfer to GL: Specify Posted, Unposted, or All values as follows: @ Posted : Only transactions that are posted to General Ledger appear in the @ Unposted : Only transactions that are not posted to General Ledger appear the report. @ All: All transactions, whether posted or not, appear in the report @ Detail Level: To include all transaction detail, accept the default value Show Summary and All Detail. To display only transaction summary information, ct Show Summary Only. Intpiiwww greenchaln bizview_vat php ans2ran0%8 VAT Report @ Show Ship To Address: Select how to print a customer@s ship to address o the report. Example ‘Tax Reconciliation Report @ All these reports runs based on the Legal entity, Ledger and Operating Units. @ The users can run whenever the required subsequently during the month or end of the month. @ Either period wise or Accounting dates or invoice dates can run. hitpiww greenchain biziew_vat php yas21242018 VAT Report hitpiww greenchain biziew_vat php 1313