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Contract with special VAT Regime

Contract with special VAT Regime

Owned by Lango: Language and translation manager
Last updated: Oct 03, 2024Version comment
1 min read

This chapter describes the invoicing of an instalment of a contract subject to a special VAT regime according to Section 90 of the VAT Act (special regime for traders in second-hand goods) - CZ, or according to Section 66 of the VAT Act - SK.

When using a special regime, the tax base is a surcharge reduced by surcharge tax. The mark-up is determined as the difference between the merchant's selling price and the purchase price of the goods.

Setup for Contracts with Special VAT Mode

The settings specific to the special VAT regime are described in the documents Produktový management :

  • Contract Template

    • VAT Posting Group Special Regime – Non-Tax

    • VAT Posting Group Special Mode - Tax

  • Financial nastavení_OC

    • OneCore Posting Setup

  • OneCore Posting Setup

    •  Setup for Posting a Payment

    • Setting up a general ledger account for posting special regime bases when invoicing the entry fee

  • OneCore Posting Setup

    • It is necessary to always have a pair of lines for the special mode VAT base in the posting setup for the special mode.

  • One with a positive sign and the other with a negative sign – see Reverses the sign, and VAT settings for special mode – without VAT / with VAT.