Hi, Am 13.07.2018 um 17:42 schrieb Geert Janssens: > I don't have access to a gnucash installation currently so I can't verify my > suggestion. But this is how I would handle it. > > - create two vat asset accounts. One for the Belgian vat and one for the > foreign vat. > - create a tax table (which is all about vat) for your intra-European > purchases. This tax table should have 2 entries > 1. Belgian vat (typically 21%), assigned to the Belgian vat account > 2. Foreign vat, which should be the negative percentage of the Belgian vat > (so typically -21%), assigned to the foreign vat account.
While most you are writing seems pretty simular to the situation in DE.
I would not use negative rates. Instead I would use the folowing setup:
assets:
VAT reimbursable
Buys @ full rate: 21%
:
liabilities:
VAT
Sales: 21%
Import with VAT ID: 21%
:
For an optimal grouping of different rates, other cases of imports etc.
compare your setup with your tax forms and discuss it with your CPA.
With the rest, I aggree:
> - now you can set tge default vat for your German vendor to this tax table.
> When you enter you vendor bill on each line you enter the values without vat
> and double check the tax table is still the one for intra-European purchaes.
> - note the purchase of a laptop should also go to an asset account
> (investment) so that's what you should enter as account in the entry (an
> entry is one line on your bill)
>
> - after posting this bill I believe it should create the correct transaction
> for you, including two vat entries in your assets and the net amount of the
> lap3in an investment account that can be used for depreciation.
> - in addition the bill will be posted for the net amount such you can apply
> the correct payment.
>
> The only small detail I don't remember is whether I have changed the gnucash
> code already to allow negative percentages in tax tables. I think I have
> though.
I hope, you did not, because negative amounts are reserved for stornos.
> Geert
>
> Jeremy D <jeremy.defr...@gmail.com> schreef op 12 juli 2018 22:34:43 CEST:
>> Hi,
>>
>> Someone on the #gnucash IRC channel suggested I write this message as I
>> have quite a complex issue.
>>
>> Basically I've made a few purchases the last few months, most of which
>> I
>> paid without VAT.
>>
>> Here's a concrete example to help you better understand.
>>
>> I bought a laptop. This laptop cost € 2016, VAT included. However, as i
>> have a VAT number, I paid only € 1694,12.
>>
>> A few prerequisites:
>>
>>
>> - My accountant wants me to include foreign VAT as an asset and also
>> include Belgian VAT as an asset. He calls that a "null operation" but
>> it's
>> necessary, he says.
>> - Looking at my transaction report, we noticed the balance for each
>> month isn't correct. It should be equal to zero.
>> - This purchase has to be used as an investment (asset account) which
>> can then be depreciated each year.
>>
>>
>> I thought I was able to solve the problem by creating a bill linked to
>> the
>> vendor (Business\Vendor\New Bill), then posting the bill and processing
>> the
>> payment - amount without VAT linked to checking account/VAT in the
>> separate
>> VAT account. Below are screenshots of that:
>>
>> [Purchase minus German VAT]
>>
>>
>>
>> [Purchase minus Belgian VAT]
>>
>>
>>
>> But the Liabilities:VAT Sales:Belgium looks totally messed up. To be
>> honest, I don't think I know what I'm doing anymore. I've tried many
>> things
>> already but to no avail...
>>
>> Thank you in advance for the feedback.
>>
>> Jeremy
Regards
Frank
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