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    How To Report Zero VAT Taxes

    Uploaded by

    Imran Mohammad
    This document provides instructions for correctly reporting 0% VAT taxes in Argentina. It outlines the steps to set up 0% VAT taxes, including: 1) Creating a new fiscal tax type and assigning it to customer and vendor master data. 2) Setting up a 0% tax rate in FI taxes and assigning an exempt tax code in SD taxes and views. 3) Entering a reason for zero VAT on sales orders and views to ensure the amounts are reported correctly in the daily VAT report. 4) Checking that the setup determines the exempt tax code correctly on pricing to output the 0% VAT amounts in the exempted section of the daily VAT report.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    How To Report Zero VAT Taxes

    Uploaded by

    Imran Mohammad
    44 views7 pages
    This document provides instructions for correctly reporting 0% VAT taxes in Argentina. It outlines the steps to set up 0% VAT taxes, including: 1) Creating a new fiscal tax type and assigning it to customer and vendor master data. 2) Setting up a 0% tax rate in FI taxes and assigning an exempt tax code in SD taxes and views. 3) Entering a reason for zero VAT on sales orders and views to ensure the amounts are reported correctly in the daily VAT report. 4) Checking that the setup determines the exempt tax code correctly on pricing to output the 0% VAT amounts in the exempted section of the daily VAT report.

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    How to Report Zero VAT Taxes

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    © Attribution Non-Commercial (BY-NC)

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    This document provides instructions for correctly reporting 0% VAT taxes in Argentina. It outlines the steps to set up 0% VAT taxes, including: 1) Creating a new fiscal tax type and assigning it to customer and vendor master data. 2) Setting up a 0% tax rate in FI taxes and assigning an exempt tax code in SD taxes and views. 3) Entering a reason for zero VAT on sales orders and views to ensure the amounts are reported correctly in the daily VAT report. 4) Checking that the setup determines the exempt tax code correctly on pricing to output the 0% VAT amounts in the exempted section of the daily VAT report.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    44 views7 pages

    How To Report Zero VAT Taxes

    Uploaded by

    Imran Mohammad
    This document provides instructions for correctly reporting 0% VAT taxes in Argentina. It outlines the steps to set up 0% VAT taxes, including: 1) Creating a new fiscal tax type and assigning it to customer and vendor master data. 2) Setting up a 0% tax rate in FI taxes and assigning an exempt tax code in SD taxes and views. 3) Entering a reason for zero VAT on sales orders and views to ensure the amounts are reported correctly in the daily VAT report. 4) Checking that the setup determines the exempt tax code correctly on pricing to output the 0% VAT amounts in the exempted section of the daily VAT report.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7

    How to report zero VAT taxes

    Purpose
    How to customize the 0% VAT taxes in Argentina, to correct report then to AFIP.

    Overview
    it will be explained in here, all the steps to setup the 0% VAT taxes, starting from customer master data, specific maintenance views for Argentina, FI taxes and SD taxes to finally the output under the exempted amount in J_1Af205(Daily VAT) report.

    Customer Master Data setup


    Create a new fiscal type, in SPRO transaction go to : Financial accounting->accounts receivable and accounts payable>Customer Accounts->master Data->Preparation for creating Customer Master Data->Define Fiscal Type

    Assign this tax type for Argentina on table V_1AFITPA(customer), V_1AFITPA2(Vendor).

    Assign the tax type on the master data of your customer

    FI taxes setup
    Using transaction FTXP, create a FI tax Code with 0% tax rate.

    SD taxes setup and Specific Maintenance views for Argentina


    In VK11 transaction, assign the exempt tax code to the condition that is calculating the values

    On the view V_1ARZTX, assign the reason for Zero Vat. This is mandatory for the daily vat report output values as exempt, otherwise even with all the customizing indicating zero VAT, it wont determine the correct report column.

    On the sales order header, tab Country; assign the tax type and reason for zero VAT you will use.

    Checking on the pricing, the exempt tax code should be determined on the condition.

    Daily VAT report results


    The final result will be checked on J_1af205 report, where the amount will be output under exempted amount.

    Conclusion
    In order to output the 0% VAT taxes in Argentina is mandatory to have a reason for it, this is the report logic, since the reason is linked to a tax code, you will need to have an specific tax code in FI to report this values correctly to AFIP and if the document comes from SD(billing), the setup in this module is very important to determine the correct FI document.

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