(RUS) Calculate restored VAT and revenue amounts [AX 2012]

Updated: November 12, 2012

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

Use this procedure to calculate restored value-added tax (VAT) amounts and revenue amounts. You can calculate restored VAT amounts by using the following methods:

  • Mixed – Facture lines that have direct costs are not multiplied by the coefficient. The VAT amount is calculated based on the proportion of sold quantities to purchased quantities.

  • By factor – Facture lines that have direct costs are multiplied by the coefficient, similarly to lines that have indirect costs.

You update a list of incoming invoices to define direct and indirect costs. Based on the sales invoices that are posted, you calculate the total revenue, domestic market revenue, export revenue, tax-exempt revenue, and revenue share on export and tax-exempt operations for the specified period.

Use the VAT restoring journal form to create, approve, and cancel a VAT restoring journal to calculate restored VAT and revenue amounts.

  1. Click Accounts receivable > Periodic > Sales book > VAT restoring journal.

  2. In the Date in the period field, select the date in the reporting period to display the VAT details for.

    NoteNote

    Transactions of both Direct and Indirect expense types are displayed on the VAT restoration tab. Transactions that have a Direct expense type are calculated by using the ratio of purchased item quantities to sold item quantities. Transactions that have an Indirect expense type are calculated by multiplying the export coefficient by the incoming VAT that is processed for the current period.

  3. Click Restore VAT procedure > 1. Update inventory links to open the Update inventory links form.

  4. Click Select to open the Inquiry form, enter the selection criteria, and then click OK.

  5. In the Update inventory links form, click OK to update details of the inventory transactions for the purchases and sales.

  6. Click Restore VAT procedure > 2. Update the journal to open the Update VAT restoring amounts form.

  7. Select the Update revenue amounts check box to update the revenue amount.

  8. Select the Delete previous calculation check box to delete previous calculations.

  9. Click OK to update the restored VAT amounts for the specified period. You can verify the following updated information:

    • In the VAT restoring journal form, verify the total revenue, export revenue, domestic market revenue, revenue that is not subject to VAT, and export and tax-exempt percentage.

    • On the VAT distribution tab, verify the ratio of restored VAT for each export facture. This information is used for VAT declaration and the processing of incoming VAT, if the export is confirmed in the current period. The information is also used if the confirmation term has expired, but the confirmation has not yet been received.

    • In the lower pane, on the Customer invoice lines tab, verify the line amounts.

    • In the upper pane, on the Revenue calculation tab, verify the details of the invoice accounts that have the revenue amounts.

    You can make any changes that are required in the VAT restoring journal form. Then click Apply changes to save the changes.

  10. Click Restore VAT procedure > 3. Approve the journal to approve the restored VAT journal.

    NoteNote

    After you approve the journal, the data cannot be modified. The Approved check box is selected.

  11. On the VAT restoration and Revenue calculation tabs, select the Include check box for the facture to include in the calculation of restored VAT amounts and revenue amounts.

  12. Click Restore VAT procedure > Cancel approvement of the journal to cancel the VAT restoration journal that was approved for the processing of outgoing VAT.

    NoteNote

    You can cancel a restored VAT journal only if no outgoing VAT is processed during a specific period.

You can apply either of these methods to restore a VAT amount to the budget:

  • Direct – Use this method if the VAT amount was deducted on the material or asset and is known. The restored VAT amount is calculated by using one of the following formulas:

    • In the case of a fixed asset, the VAT amount that was deducted is multiplied by the export, or tax-exempt, coefficient for the current period. The export coefficient is calculated as follows:

      (Product output/mileage of object usage in export (tax-exempt activity) in the current period) / (Difference between common Product output/mileage and Product output/mileage of object usage in export (tax-exempt activity) in previous periods)

    • In the case of the sale of partial goods, the VAT was deducted as a proportion of the sold quantity to the actual quantity.

  • Indirect – Use this method if the reason for the purchase of the materials is not known, and if the VAT amount that was deducted is not known. The restored VAT amount is calculated by using the following formula:

    (Incoming VAT on every facture of the current period) * (Export revenue share of the total revenue of the same period)

    If fixed assets were disposed of, or written off, earlier, VAT amounts are restored based on the net book value of the fixed asset. The restored VAT amounts are calculated by using the following formula:

    (VAT amount that was accepted earlier to deduction on the fixed asset) * (Balance of the fixed asset cost on accounting data, excluding the reevaluation amount) / (Original fixed asset cost on accounting data)

    NoteNote

    If the fixed asset is of the Realty type, the VAT amount is restored for a period of 10 years. This period starts from the time of depreciation. The coefficient considers the share of export revenue during the year.

  • The revenue share on export operations is calculated by using the following formula:

    Export revenue / Total revenue

    Export revenue is the amount that is calculated on export invoices for the period. Total revenue is the amount that is calculated on all invoices for the period.

  • The revenue share on tax-exempt operations is calculated by using the following formula:

    Tax-exempt revenue / Total revenue

  • The restored VAT amount for fixed assets is calculated by using the following formula:

    (VAT amount that was accepted earlier to deduction on the fixed asset) * (Balance of the fixed asset cost on accounting data, excluding the reevaluation amount) / (Original fixed asset cost on accounting data)


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