The following is required to provide for correct VAT records and correct recording of various business cases:

1. the use of the appropriate tax type

• VAT not charged
• VAT not included
• VAT recognized for tax purposes
• Real-estate purchase
• Fixed assets acquisition - after May 1st, 2004
• EU delivery - VAT chargeable and right to input VAT

2. it is required transactions are entered in the appropriate document type

• Fixed assets acquisition - till May 1st, 2004
• Prepayments received
• Issue for own use
• Costing - general
• Prepayment made
• Own use

3. it is required you select the appropriate purchase type or sales type

• Receiving from non-resident
  • Receiving from non-resident - input VAT recognized
  • Receiving from non-resident - input VAT not recognized

4. it is required to set the VAT account parameters accordingly

• VAT for users of Article 41 of the Value-Added-Tax Act

and it is required to enter data in order to include the appropriate fields in books of invoices received and issued as well as form DDV-O:

• Using data from export SAD in tax records
• VAT in exporting goods
• Prepaymements according to Article 5 of the Directives (the Official Gazette of the RS 106/01, p. 11208)
• Purchasing imported goods
• Using dates with EU acquisitions

5. see also If the EU Subject Uses Multiple IDs for VAT

Related topics:

• Tripartite Operations
• Using Dates and Recalculation of Tax Value in Local Currancy
• Using a Different Date in Book Acquisitions from the Community Uporaba drugačnega datuma za Knjigo pridobitev iz Skupnosti