What goes into each box - Cyprus VAT Report

Note:

Nondeductible tax codes created by checking the 100% Non-deductible box on the Tax Code page is not supported. If you want to create nondeductible tax codes that will work with International Tax Reports SuiteApp, see Setting Up Nondeductible Input Tax.

The following table shows how NetSuite uses the tax codes to get the values for the Cyprus VAT Report.

Box	Description	Amount
1	VAT due on sales and other outputs	Tax amount of sales S, R1, R2 + Tax amount of sales adjustment in box 1 with S Notional tax amount of purchases RC, IS, ESSP, ESSS
2	VAT due on acquisitions from other EU Member States	Notional tax amount of purchases ES
3	Total output VAT (sum of boxes 1 and 2)	Box 1 + Box 2
4	Input VAT (including acquisitions from other EU Member States)	Tax amount of purchases S, R1, R2 + Tax amount of purchases adjustment in box 4 with S + Deduct TAX amount for S - NonDeduct TAX amount for S Notional tax amount of purchases ES, RC, IS, ESSP, ESSS
5	VAT payable or refundable (difference between boxes 3 and 4)	Box 3 - Box 4
6	Value of total sales and other outputs (excluding VAT) (include amounts in boxes 8A + 8B, 9, 10, 11B)	Net amount of sales S, R1, R2, E,O, Z, ES, ESSS, EZ, RC Net amount of purchases IS, ESSP
7	Value of total purchases and other inputs (excluding VAT) (include amounts in box 11A + 11B)	Net amount of purchases S, R1, R2, E, Z, I, IS, ES, ESSS, EZ, ESSP, RC + Deduct NET amount for S
8A	Total value of all supplies of goods (and directly related services) to other EU Member States (excluding VAT)	Net amount of sales ES, EZ
8B	Total value of services provided to taxable persons in other EU Member States	Net amount of sales ESSS, ESSP
9	Total value of sales taxed at the rate of 0% (Other than those included in 8A)	Net amount of sales Z, O
10	Total value of sales which are outside the scope of Cyprus VAT	Editable field
11A	Total value of acquisitions of goods (and directly related services) from other EU Member States (excluding VAT)	Net amount of purchases ES
11B	Total value of services received from taxable persons residence in other EU Member States	Net amount of purchases ESSP, ESSS

Box

Description

Amount

VAT due on sales and other outputs

Tax amount of sales S, R1, R2 + Tax amount of sales adjustment in box 1 with S

Notional tax amount of purchases RC, IS, ESSP, ESSS

VAT due on acquisitions from other EU Member States

Notional tax amount of purchases ES

Total output VAT (sum of boxes 1 and 2)

Box 1 + Box 2

Input VAT (including acquisitions from other EU Member States)

Tax amount of purchases S, R1, R2 + Tax amount of purchases adjustment in box 4 with S + Deduct TAX amount for S - NonDeduct TAX amount for S

Notional tax amount of purchases ES, RC, IS, ESSP, ESSS

VAT payable or refundable (difference between boxes 3 and 4)

Box 3 - Box 4

Value of total sales and other outputs (excluding VAT) (include amounts in boxes 8A + 8B, 9, 10, 11B)

Net amount of sales S, R1, R2, E,O, Z, ES, ESSS, EZ, RC

Net amount of purchases IS, ESSP

Value of total purchases and other inputs (excluding VAT) (include amounts in box 11A + 11B)

Net amount of purchases S, R1, R2, E, Z, I, IS, ES, ESSS, EZ, ESSP, RC + Deduct NET amount for S

Total value of all supplies of goods (and directly related services) to other EU Member States (excluding VAT)

Net amount of sales ES, EZ

Total value of services provided to taxable persons in other EU Member States

Net amount of sales ESSS, ESSP

Total value of sales taxed at the rate of 0% (Other than those included in 8A)

Net amount of sales Z, O

Total value of sales which are outside the scope of Cyprus VAT

Editable field

11A

Total value of acquisitions of goods (and directly related services) from other EU Member States (excluding VAT)

Net amount of purchases ES

11B

Total value of services received from taxable persons residence in other EU Member States

Net amount of purchases ESSP, ESSS

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