(RUS) Calculate restored VAT and revenue amounts
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
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.
Click Accounts receivable > Periodic > Sales book > VAT restoring journal.
In the Date in the period field, select the date in the reporting period to display the VAT details for.
Note
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.
Click Restore VAT procedure > 1. Update inventory links to open the Update inventory links form.
Click Select to open the Inquiry form, enter the selection criteria, and then click OK.
In the Update inventory links form, click OK to update details of the inventory transactions for the purchases and sales.
Click Restore VAT procedure > 2. Update the journal to open the Update VAT restoring amounts form.
Select the Update revenue amounts check box to update the revenue amount.
Select the Delete previous calculation check box to delete previous calculations.
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.
Click Restore VAT procedure > 3. Approve the journal to approve the restored VAT journal.
Note
After you approve the journal, the data cannot be modified. The Approved check box is selected.
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.
Click Restore VAT procedure > Cancel approvement of the journal to cancel the VAT restoration journal that was approved for the processing of outgoing VAT.
Note
You can cancel a restored VAT journal only if no outgoing VAT is processed during a specific period.
More information about how restored VAT amounts and revenue are calculated
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)
Note
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)
Setting up fixed asset parameters to restore VAT amounts
Set up fixed asset parameters, fixed asset groups, and fixed asset posting profiles. For more information, see (RUS) Set up fixed asset parameters and (RUS) Set up fixed asset posting profiles.
Set up value models, depreciation methods, and depreciation groups. For more information, see(RUS) Set up depreciation methods, (RUS) Set up depreciation groups.
Create an item with an item type of Fixed asset. Also, register the fixed asset and put the fixed asset into operation. For more information, see (RUS) Create and post a budget journal for a fixed asset acquisition.
Create, post, and update a facture for the purchase order for the item. On the General tab, you must specify the estimated output or mileage value in the Output/mileage field in the Fixed assets form.
Create product output or mileage for a fixed asset.
Depreciate, and then write off the fixed asset. For more information, see (RUS) Depreciate fixed assets.
Process incoming VAT and calculate restored VAT amounts.
Process the outgoing VAT for factures that have restored VAT amounts, then close the sales and purchase books. For more information, see (RUS) Perform an outgoing VAT processing transaction, (RUS) Create a sales book and (RUS) Create a purchase book.