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Belgian VAT

Microsoft Dynamics NAV 2013

Microsoft Dynamics NAV includes Belgium enhancements to VAT reporting feature that enables you to print VAT transaction details. You must send the following reports to the Belgian tax authorities:

  • Monthly/Quarterly declaration - This report is used to create monthly or quarterly VAT declarations, depending on your company revenue.

  • VAT annual listing (on paper/disk) - This report is used to annually report all amounts invoiced for both goods and services to all Belgian companies with a registered VAT number.

  • VAT-VIES listing (on paper/disk) - This report is used to report the sales of goods to other countries.

You are also required to provide a printed statement detailing the VAT transactions to the Belgian tax authorities. For more information, see VAT Statement.

Non-Deductible VAT

In Belgium, VAT can be fully or partially deductible. Expenses such as representation cost or purchases of cars are only partially deductible, and the transaction must specify how much of the VAT is non-deductible. For example, you create a general ledger account for fixed assets such as cars, and another account for representation cost. For each account, you specify how much of the reported VAT is non-deductible by setting the % Non deductible VAT field. Then, when you post a transaction, the deductible VAT will post to the corresponding VAT account, and the non-deductible VAT will be added to the base amount and posted to the same account as the tangible or intangible asset.

For fixed assets, the non-deductible VAT depreciates just like the base acquisition cost of the fixed asset. You must set up separate fixed asset posting groups for each percentage of non-deductible VAT since each fixed asset posting group posts to a general ledger account where the % Non deductible VAT field specifies how much VAT must post to the same account as the fixed asset.

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