VAT (value added tax)

[simevo]

In the EU we have VAT.

It is typically applicable to all sales and purchases, independent from customer / vendor.

To support VAT:

• There should be no Sales Tax Rate field in customer / vendor
• There should be a VAT rate select when adding products / services to an invoice
• There should be a list of common VAT rates including a default one
• VAT debts / credits when the invoice is registered or sometimes when it is paid (there should be an option for that)

[elarroba]

Thank for your feedback.

I agree VAT is not linked to a customer/vendor. This is meant to be used as a default value associated with a customer/vendor if needed to be used programmatically. However, currently sales tax still needs to be manually handled as an additional line item in your bills/invoices if needed. The software has not evolved to the point where VAT (or any other sales tax for that matter) is a supported feature.

[Alphagest]

VAT can also change depending on the project, for example in France and in construction, in the same invoice we can have 2 different VAT, 5.5% for energy renovation and 10% for normal renovation.
20% VAT is applied to new work.