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Create a VAT on Non-Resident and automate it

Accepted answer
edited Jun 11, 2021 10:18AM in Tax & Global 1 comment



I have created a transaction tax rate 11% which is going to be used in Payables Module

I want to set the below rules:
1- If the country of the supplier is not Lebanon, than this VAT is applicable
2- Type of purchasing (product; expense or Asset)

Our company paid a subscription for Yahoo.

Yahoo is a non-resident supplier based in the UK.

Purchase Invoice accounting:
Dr Expense $100
Cr Supplier $100

Tax Accounting:
Dr VAT on Expenses for non-resident 11$ (or VAT on assets for non-resident)
Cr VAT on Non-Resident $11"

What setup should we make for suppliers to automate the process and how to configure this rule in taxation setup?

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