VAT/Input VAT Administration

Last updated on 2025-07-02

Overview

For the purposes of planning in Lucanet, it is possible to create VAT and input VAT configurations that can be taken into account as part of the configuration of accounting rules for accounts and items in the general ledger and subledgers.

This article contains the following sections:

Creating VAT Configurations

To create a VAT configuration:

  1. In the dimension bar, click the VAT button. The VAT configuration dialog is displayed.
  2. Right-click a journal folder in the tree view, then select Create VAT configuration from the context menu. The Create New VAT Configuration dialog is displayed:

    'Create new VAT configuration' dialog
  3. Enter a name for the VAT tax configuration in the Element name field.
  4. Click Save.
Configuring VAT Configurations

To configure a VAT configuration:

  1. In the dimension bar, click the VAT button. The VAT configuration dialog is displayed.
  2. In the tree view, select the desired VAT configuration.
  3. Click Edit in the top right to open editing mode.

The following configuration options are available: 

The dialog for configuring a VAT configuration is displayed.
Configure VAT configuration dialog

Tab

Description

Configuration

Percentage

Tax rate of the VAT/input VAT in percent

Basis

Periodicity for the tax calculation

Payment to the tax authority 

Indicates when the tax liabilities will be paid (see Configuring cash flow impact)

Disclose VAT/input VAT by

The time for the disclosure of the VAT/Input VAT

The chosen time for Disclose VAT/input VAT by is taken into account only for accounting rules with the down payment transaction payment type.

Posting

Bank account:  An account from which the particular tax should be paid

Sales account/input tax account: An account for which the liabilities or receivables should be indicated in the balance sheet