VAT Declaration (SAP Library

VAT Declaration

Use

In Portugal, all businesses that are liable to pay value-added tax (VAT) must submit a VAT declaration (Declaração de IVA) to the authorities on both a monthly and annual basis, in accordance with article 28, number 1, sections c) and d) of the VAT code.

The annual declaration must be submitted by the end of June each year for the previous year’s operations. This VAT declaration constitutes Anexo L of the annual declaration (Declaração Anual).
The monthly declaration is submitted once a month during the second month after the transactions have been made. They can also be submitted every quarter.

You can use the Advance Return for Tax on Sales/Purchases: Portugal to generate the data relevant for either the monthly declaration or the annual declaration, and transfer this information to the VAT declaration forms provided by the Portuguese authorities.

You can also use the program to create a correction declaration if you need to replace a declaration form that you submitted previously.

Prerequisites

You have maintained your tax codes, in order to identify the tax rates and tax types relevant to your company.

You have grouped your tax balances and assigned them to official tax group numbers (see Grouping Tax Balances).

Features

Your tax balance groups appear in separate frames on your report. These frames correspond to the numbered frames on the VAT declaration forms provided by the Portuguese authorities.

Activities

To access the report, from the SAP Easy Access Menu, choose Accounting ® Financial Accounting ® General Ledger ® Reporting ® Tax Reports ® Portugal ® Advance Return for Tax on Sales/Purchases: Portugal

Enter your company code and the fiscal year. If required, enter a document number range.

Selection

The selection screen includes the following fields:

General selections

Enter the Posting date to define the reporting period

Mess. type

If you wish to generate data for your annual VAT declaration, select Annual return and enter the tax grouping version required in the field Version for annual return

If you with to generate data for your monthly VAT declaration, select Monthly return and enter the tax grouping version required in the field Version for monthly return

If you wish to generate a list of documents with tax codes that you have not designated in Customizing as relevant for the monthly or the annual declaration, select List without tax return

Output type

Depending on the level of information you require, select any combination of:

Tax groups if you want the tax balances at tax group level in each frame

Tax code if you want the tax balances at tax code level in each frame

Documents if you want the tax balances at document level in each frame

Note

Some tax codes may not belong to any frame. Therefore, you should make sure that all entries have been made in the tables and check whether the tax codes in question are relevant for other tax declarations.

If you need to submit a correction declaration, create the report as above and transfer the data to the relevant form for correction declarations.