Value Added Tax (VAT) works in RASA focusing on specific requirements and limitations for different countries. Please note that VAT functionality is primarily designed for organizations based in the Netherlands.
- Country Selection: When setting up an organization within RASA, it is important to specify the country correctly. For VAT purposes, the system requires the country to be designated as either 'Netherlands' or 'NL.' If any other country name or code is used, the VAT functionality may encounter issues.
- VAT Percentage: To facilitate accurate VAT calculations, RASA allows users to input the VAT percentage for their organization. The VAT percentage can be set by the user and is typically determined by the applicable tax regulations in the Netherlands and would be set to 21%.
- VAT on Self-Bill Statements: In the case where both the tax rate and VAT number are provided, RASA can display VAT information on self-bill statements. However, it is important to note that this functionality is currently limited to organizations based in the Netherlands.
When generating self-bill statements, RASA will automatically add the VAT percentage that the user has set for their organization. For example, if the user has set the VAT percentage to 21%, RASA will include this percentage in the self-bill statement calculations.
- VAT on Statements for Other Regions/Countries: For organizations based in countries other than the Netherlands, VAT information does not appear on statements generated by RASA. This applies even if the user has set the country and VAT percentage for their organization.
The exclusion of VAT on statements for other regions or countries is due to the system's primary focus on complying with the specific VAT requirements of the Netherlands. Therefore, if your organization is not based in the Netherlands, the VAT functionality will not be visible on statements. If you need VAT reporting support for your region please reach out to us and let us know.