Settings for VAT-exempt Entities

If you are not an active VAT taxpayer, you will find the recommended configuration below.

Configure taxes the same as the one for VAT taxpayers above. No, it's not a mistake. The only difference is that when configuring the taxes in Standard Rates tab, enter "0" in Rate % and a name in the Tax Name.

Flexible Invoices Taxes for VAT-exempt entities

In some countries companies taking advantage of the VAT exemption (according to the type of sale) need to list the reason for the VAT tax exemption on the invoice. The reason may be entered in the "additional notes" field that can be added to every invoice.

Please note that the name for Tax Name field will be visible on the invoice under the Tax rate field.

If you want to hide the tax column on invoices go to the invoice template settings and check the Tax Cells on Invoices option.

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us