Hello all! VAT is a recurring topic on the forum, but have not yet seen a topic on the reverse charge mechanism. In Switzerland, like in EU countries, there is a so-called reverse charge mechanism where, when you acquire a service from abroad, this service is first added to the taxes that need t…

Manager handle reverse charge for VAT. The only problem is that it is only at reporting level and not at ledger transaction level. A solution is under Ideas

[image] Reverse Charged Tax Code - Tax Summary vs Tax Transactions Report Dear @lubos , our chartered accountant pointed out the inconsistency (he defined it an incorrect accounting under Italian law but I know that maybe in other countries this could be different…) in th…

Thank you Davide. Being new to the forum, how do I support your Idea to get it promoted in priority?

I see there is no localisation VAT file available for Switserland yet. When available, you can import it in Settings and then choose Import at the right side of the title bar. This works well in the Dutch VAT localisation by simply selecting the VAT 0% EU option.

Manager handles reverse charge VAT as described in this Guide: https://www.manager.io/guides/16455 . @Davide ’s dissatisfaction with the scheme has its origins, I believe, in his extensive use of custom reports, where it may be desirable in some cases to show both halves of offsetting transactions to…

What I need is to be compliant to the law, ie that Manager does all the ledger registrations that right now is missing. It doesn’t register any VAT on both sides (debit and credit) but it does only a reporting maquiage. This is not the correct way to register reverse charge. With a correct account…

[image] Tut: The built-in reports, in fact, do include both the sales and purchase attributes of reverse charge VAT, as shown in the Guide. Only Tax Summary is correct. Tax Transactions and GLT are not correct since there is no trace of reverse charge taxes.

[image] Davide: Tax Transactions and GLT are not correct since there is no trace of reverse charge taxes. I certainly do not intend to start an argument about this. But it is necessary to point out that the transactions you want, saying they are necessary under Italian law, are not listed bec…

Well, I made it now so reversing tax codes do actually make reversing debits/credits. It makes zero impact on financial statements but when it comes to custom reports which you can slice and dice any way you like, the inclusion is essential as it can have impact after all.

VAT for services from abroad (CH)

Davide August 25, 2020, 3:25pm 3

1 Like

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VAT for services from abroad (CH)

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