Deferred VAT Cash Regime Financial Accounting (FI) Localization for Bulgaria

Transcription

1 Deferred VAT Cash Regime Financial Accounting (FI) Localization for Bulgaria PUBLIC Financial Accounting (FI) 1

2 Copyright Copyright 2014 SAP AG. All rights reserved. SAP Library document classification: PUBLIC No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice. Some software products marketed by SAP AG and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP AG and its affiliated companies ( SAP Group ) for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see for additional trademark information and notices. Financial Accounting (FI) 2

3 Icons in Body Text Icon Meaning Caution Example Note Recommendation Syntax Additional icons are used in SAP Library documentation to help you identify different types of information at a glance. For more information, see Help on Help General Information Classes and Information Classes for Business Information Warehouse on the first page of any version of SAP Library. Typographic Conventions Type Style Example text Example text EXAMPLE TEXT Example text Example text <Example text> EXAMPLE TEXT Description Words or characters quoted from the screen. These include field names, screen titles, pushbuttons labels, menu names, menu paths, and menu options. Cross-references to other documentation. Emphasized words or phrases in body text, graphic titles, and table titles. Technical names of system objects. These include report names, program names, transaction codes, table names, and key concepts of a programming language when they are surrounded by body text, for example, SELECT and INCLUDE. Output on the screen. This includes file and directory names and their paths, messages, names of variables and parameters, source text, and names of installation, upgrade and database tools. Exact user entry. These are words or characters that you enter in the system exactly as they appear in the documentation. Variable user entry. Angle brackets indicate that you replace these words and characters with appropriate entries to make entries in the system. Keys on the keyboard, for example, F2 or ENTER. Financial Accounting (FI) 3

4 Contents Deferred VAT Cash Regime Financial Accounting (FI) Localization for Bulgaria... 1 Copyright... 2 Icons in Body Text... 3 Typographic Conventions... 3 Bulgaria Deferred VAT Cash Regime Prerequisites Customizing Business Process Registered Vendor Transacting with Registered and Unregistered Customers Registered Customer Transacting with Unregistered Vendors Deferred Tax Transfer (RFUMSV25)... 8 Financial Accounting (FI) 4

5 Bulgaria This country-version is designed for use by businesses with operations in Bulgaria. As well as the generic SAP system functions, it comprises functions designed for laws and business practices particular to Bulgaria. This documentation explains the country-specific solution for Deferred VAT Cash Regime in Financial Accounting (FI). It does not cover other country-specific functions. 1 Deferred VAT Cash Regime This solution allows you to process deferred VAT in accordance with local legal requirements. As a business subject to these requirements, you issue and receive invoices with a deferred VAT. You do not recognize this deferred tax on your VAT declaration immediately, but only when the tax is settled. If only a portion of the VAT is settled, then the tax is recognized on you VAT declaration proportionally. 1.1 Prerequisites The following activities are prerequisites for using this solution. You use tax procedure TAXBG. You have implemented SAP Note Customizing Make settings in customizing as follows. Activity Specify new tax codes for deferred tax in Financial Accounting (New), under Financial Accounting Global Settings -> Tax on Sales/Purchases -> Calculation -> Define Tax Codes for Sales and Purchases. Description Create a deferred tax code for each type of business transaction that is subject to deferred VAT. Link this deferred tax code to the standard tax code you use for VAT reporting. For companies that are registered under the deferred VAT : Create tax codes as follows: o Sales Output Deferred Tax 20% (example, T2) o Purchase Input Deferred Tax 20% (example, D2) o Purchase Input Deferred Tax 9% (example, D3) Create two additional VAT accounts, one for deferred input tax and one for deferred output tax. Set the accounts as VAT input/vat output accounts and specify them as open item managed. Financial Accounting (FI) 5

6 Link the deferred tax accounts with the deferred tax codes. For companies that are not registered under the deferred VAT : Create tax codes as follows: o Purchase Input Deferred Tax 20% (example, D2) o Purchase Input Deferred Tax 9% (example, D3) Create one additional VAT account for deferred input tax. Set the account as a VAT input account and specify it as open item managed. Link the deferred tax account with the deferred tax code. Create new document types and then assign the new document types to the VAT document types in Accounting Document Types, (transaction /n/bglocs/v2). SAP delivers predefined VAT document types that you assign to the document types you create. For companies that are registered under the deferred VAT : Type VAT Document Type 11 Invoice cash 12 Debit advice cash 13 Credit advice cash 91 Protocol - tax art. 151c, par. 3 of the Act 92 Protocol - tax credit under art. 151g par. 8 of the Act or report under art. 104zh par Protocol - tax art. 151c, par. 7 of the Act with the recipient of the delivery entity does not use the special 94 Protocol - tax art. 151c, par. 7 of the Act with the recipient of the delivery entity does use Financial Accounting (FI) 6

7 the special Note: You use document types 93 and 94 when a company using the deferred VAT deregisters. For companies that are not registered under the deferred VAT : Type VAT Document Type 11 Invoice cash 12 Debit advice cash 13 Credit advice cash 91 Protocol - tax art. 151c, par. 3 of the Act 93 Protocol - tax art. 151c, par. 7 of the Act with the recipient of the delivery entity does not use the special More Information For more information about the settings for deferred taxes, on the SAP Help Portal at see the SAP Library for SAP ERP Central Component Accounting Financial Accounting (FI) Financial Accounting General Topics Taxes (FI-AP/AR) Taxes on Sales/Purchases, Sales Taxes, and Additional Taxes: Tax Codes Deferred Taxes 1.3 Business Process Say you are a company that is not registered under the deferred VAT cash and you receive an invoice from a vendor that is registered: 1. You post the invoice with the respective document type and deferred tax code. 2. You pay the invoice partially or entirely. 3. The vendor issues a protocol and sends it to you. 4. You receive the protocol. To include it in the VAT purchase journal and recognize the tax credit, you execute the Deferred Tax Transfer (RFUMSV25, transaction F.38) program. a. The program generates a posting document and reposts the tax credit, partially or entirely, from the deferred input VAT account to the input VAT tax account. Financial Accounting (FI) 7

8 5. At the end of the reporting period, you prepare the VAT reporting package. Documents of type 11, 12, and 13 are included in the journals, but are not included in the VAT declaration. Document types 91 and 93 (similar to document types 92 and 94) are included in the journals and in the VAT declaration. 1.4 Registered Vendor Transacting with Registered and Unregistered Customers As a vendor that is registered under the deferred VAT cash in Bulgaria, you issue invoices, debit advices, and credit advices. You use the VAT document types 11, 12, and 13 and the deferred tax codes you have created to post these documents in your VAT sales journal. These documents appear in your VAT sales journal and are navigable, but the amounts do not appear in the summarization. Your customer displays the document that they receive in their VAT purchase journal with the equivalent document type (11, 12, or 13). When you receive a payment, you issue a protocol and send it to the customer. The document type that both you and your customer use for reposting is 91 Protocol art. 151c, par Registered Customer Transacting with Unregistered Vendors As a customer that is registered under the deferred VAT cash in Bulgaria, you may receive invoices, debit advices, and credit advices from unregistered vendors for business transactions that are within the scope of the VAT cash. For such transactions, you use the VAT document types 11, 12, and 13 and the deferred tax codes you have created to post these documents in your VAT purchase journal. These documents appear in your journal and are navigable, but the amounts do not appear in the summarization. When you make the payment to the unregistered vendor, you issue a protocol and the document type that you use for reposting is 92 Protocol art.151g par.8, rep.art.104zh par Deferred Tax Transfer (RFUMSV25) When a customer pays an invoice, or when you pay a vendor invoice, the tax is recognized by law, and you transfer the tax from the deferred tax account to the normal tax account. To do so, you use the Deferred Tax Transfer (RFUMSV25, transaction F.38) program. You can run it whenever you want to transfer taxes Activity To access the program, on the SAP Easy Access screen, choose Accounting Financial Accounting General Ledger Reporting Tax Reports General Deferred Tax Deferred Tax Transfer More Information For more information, see the application help on the report selection screen, under Help -> Application Help. Financial Accounting (FI) 8