Issued Tax Document¶
The Issued Tax Document module (IssuedTaxDocument) is used when you receive an advance payment (prepayment), but the final fulfillment (delivery of goods/services) occurs later (more than 15 days).
Legislation¶
If you are a VAT payer and receive a payment before the Taxable Supply Date (DUZP), you must issue this document within 15 days to remit VAT on the received advance.
Workflow¶
- Proforma Invoice created.
- Payment received (paired with proforma).
- From the Payment (or Proforma) detail, select Create Tax Document.
- The system creates a document that:
- Breaks down VAT from the received amount.
- Serves for your accounting and for the customer to deduct VAT.
- When issuing the final Invoice, this document (along with the proforma) is deducted to avoid double taxation.