Value-added tax (VAT) or goods and services tax (GST)
| Version | 2.80 and up(Country configuration) |
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| Version | 2.116 and up(State configuration) |
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* new fields in 2.116
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Create items as VAT/GST Exempt: If you mark this checkbox ALL newly created Campaign Items for this Media Campaign are also set to be VAT/GST Exempt. This will not influence already existing Items. So make sure to manually edit those if needed. Where items are created as VAT exempt, the PDFs will display the following disclaimer 'Tax debtor is the beneficiary.' |
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In the following text, only VAT is written. VAT is used here as a placeholder and GST can be used instead. All field names in which VAT occurs can also be renamed accordingly with very little effort. |
2.a Campaign Item
Each line item also carries its own tax information.
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The tax rate is defined by the VAT type of the AdSpec and the custom VAT settings which are dependant on the seller and buyer of the Media Campaign. The VAT amount gets calculated by multiplying the N2 (default or the defined taxable type) with the rate.
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In the following text, only VAT is written. VAT is used here as a placeholder and GST can be used instead. All field names in which VAT occurs can also be renamed accordingly with very little effort. |
3. Invoice
The Invoice contains all VAT data from all Invoice Items. The VAT information summarizes all existing Invoice Items grouped by the normal(1) and reduced(2) VAT rates.
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| VAT Exempt (Invoice) is overriding the VAT Exempt (Invoice Item). |
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In the following text, only VAT is written. VAT is used here as a placeholder and GST can be used instead. All field names in which VAT occurs can also be renamed accordingly with very little effort. |
3.a Invoice Item
The Invoice Items contain information from Campaign Items, custom VAT settings and relevant VAT Buyer/Seller (Media Campaign).
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