What goes into each box -Serbia 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 Serbia VAT Report.

Description	Box	Net Amount	Box	VAT
I. OUTPUT TAX
1. The supply of goods and services that is exempt from VAT with the right to deduct input tax	001	Net amount of sales E-RS, O-RS
2. The supply of goods and services that is exempt from VAT without the right to deduct input tax	002	Net amount of sales Z-RS
3. The supply of goods and services at the standard rate	003	Net amount of sales S-RS	103	Tax amount of sales S-RS, IS-RS +Tax Amount of Sales Adjustment box103, IS-RS +Notional Amount of purchase RC-RS
4. The supply of goods and services at the special rate	004	Net amount of sales R-RS	104	Tax amount of sales R-RS +Tax amount of Sales Adjustment box104, R-RS
5. TOTAL (1+2+3+4)	005	Box 001+002+003+004	105	Box 103+104
II. INPUT TAX
6. The input tax paid at import	006	Net amount of purchases I-RS	106	Tax amount of purchases I-RS +Tax amount of purchase adjustment box106, I-RS
7. VAT compensation paid to farmers	007	Editable field	107	Editable field
8. Input Tax	008	Net amount of purchases S-RS, R-RS, Z-RS, E-RS, IS-RS, RC-RS	108	Tax amount of purchases S-RS, R-RS, IS-RS +Notional amount of purchases RC-RS +Tax amount of purchase adjustment box108, S-RS, R-RS, IS-RS
9. TOTAL (6+7+8)	009	Box 006+007+008	109	Box 106+107+108
III. TAX LIABILITY
10. The amount of VAT in the tax period (5-9)			110	Box 105–109

Description

Box

Net Amount

Box

VAT

I. OUTPUT TAX

1. The supply of goods and services that is exempt from VAT with the right to deduct input tax

001

Net amount of sales E-RS, O-RS

2. The supply of goods and services that is exempt from VAT without the right to deduct input tax

002

Net amount of sales Z-RS

3. The supply of goods and services at the standard rate

003

Net amount of sales S-RS

103

Tax amount of sales S-RS, IS-RS +Tax Amount of Sales Adjustment box103, IS-RS +Notional Amount of purchase RC-RS

4. The supply of goods and services at the special rate

004

Net amount of sales R-RS

104

Tax amount of sales R-RS +Tax amount of Sales Adjustment box104, R-RS

5. TOTAL (1+2+3+4)

005

Box 001+002+003+004

105

Box 103+104

II. INPUT TAX

6. The input tax paid at import

006

Net amount of purchases I-RS

106

Tax amount of purchases I-RS +Tax amount of purchase adjustment box106, I-RS

7. VAT compensation paid to farmers

007

Editable field

107

Editable field

8. Input Tax

008

Net amount of purchases S-RS, R-RS, Z-RS, E-RS, IS-RS, RC-RS

108

Tax amount of purchases S-RS, R-RS, IS-RS +Notional amount of purchases RC-RS +Tax amount of purchase adjustment box108, S-RS, R-RS, IS-RS

9. TOTAL (6+7+8)

009

Box 006+007+008

109

Box 106+107+108

III. TAX LIABILITY

10. The amount of VAT in the tax period (5-9)

110

Box 105–109

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