Fuel Distribution

VAT - Value Added Tax

Determination of Tax Application

In Minerva, the tax treatment is determined as follows:

    1. By Purchase Types
    2. By Business Partners

In Purchase Types you can specify which purchasing document the tax will be applied to.

In "Partner's Account Information", you can define whether the partner is exempt from commercial tax.

For a document with a purchase type to which tax does not apply; tax is not applied even if the business partner is not exempt from commercial tax.

For a business partner who is exempt from commercial tax; even the purchase type of document " is subject to tax"; no tax is applied.

VAT Tax Base

The total of all discounts (discount total) is deducted from the purchase amount to find the VAT base.

In the absence of a tax filing, the deduction is equal to the net amount.

VAT - Value Added Tax Application

VAT Group

We have defined " Tax Rates" for Tax Items , "Tax Types". All tax rates defined for the "VAT" tax type are listed in the "VAT Group" window.

You can select the rate you want to apply and the System will display the VAT rate and VAT amount.

If you do not want to apply tax, you can leave "Blank".

Net amount

In case of tax application; Net amount is the addition of VAT tax base and tax amount.
Contact Us