Defining BAS Codes: Australia, Czech Republic, Netherlands, Portugal and Slovakia

SAP Business One assists you in business activity statement reporting by providing a range of predefined BAS codes for value added tax (VAT) in Czech Republic, Netherlands, Portugal and Slovakia, and for goods and services tax (GST), pay as you go (PAYG), and fringe benefits tax (FBT) in Australia. You can add or remove BAS codes, for example if there are any changes in tax regulations. You can add new BAS codes and modify or remove existing BAS codes, if tax regulations require a change, for example.

Procedure

Adding New BAS Codes

From the SAP Business One Main Menu, choose Administration Setup Financials Tax BAS Code Definitions .
The BAS Code Definitions – Setup window appears.
Specify the following data:
- Code
- Name
- Type
- Summary field
- Debit/credit
- Formula syntax
- Declaration location
  
  Note
  The declaration location is only relevant to Portugal.
  
  End of the note.
  
  For more information about these fields, see BAS Code Definitions Window: Australia, Czech Republic, Netherlands, Portugal and Slovakia.
Choose Update and OK.

Modifying BAS Codes

From the SAP Business One Main Menu, choose Administration Setup Financials Tax BAS Code Definitions .
The BAS Code Definitions – Setup window appears.
Change the data in the table, for example, the debit/credit data or the formula syntax. For more information about these fields, see BAS Code Definitions Window: Australia, Czech Republic, Netherlands, Portugal and Slovakia.

Note
Depending on the type of tax code, you can only change certain items of information. For account type tax codes for example, you can only change the debit/credit information, but not the summary field. The items that you cannot change are grayed out as inactive.

End of the note.

Removing BAS Codes

From the SAP Business One Main Menu, choose Administration Setup Financials Tax BAS Code Definitions .
The BAS Code Definitions – Setup window appears.
Place your cursor in a row and choose Data Remove from the menu bar.
Choose Update and OK.
The BAS code is removed.

More Information

Business Activity Statement Reporting: Australia, Czech Republic, Netherlands, Portugal and Slovakia