(HUN) Set up sales tax reporting for refundable VAT

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

Receivable value-added tax (VAT) amounts can be refunded only if they are settled before the VAT reporting date. When your organization makes a sale, the recorded settlement date is the same as the invoice date. When a purchase made by your organization is settled, or paid in full, the recorded settlement date is the same as the invoice date. The settlement date is used when restricting records on the VAT Declaration report.

  1. Click General ledger > Setup > General ledger parameters.

  2. In the left pane, click Sales tax, and then on the Tax options FastTab, in the Special report field group, select the Date of VAT register check box.