Vat rate increase

1

Hi @lubos and other users

I have a question. On 1 May 2025 the VAT rate in South-Africa will increase from 15% to 15.5%.

When we create a new ‘Tax Code’ on the system for this increase, will there be a way to pull this new VAT rate to all the stuff we already coupled to a VAT rate? As example, all inventory items we have set up to have a default sales account and amount with a default VAT rate. Now we have 700+ inventory items, so to edit each item to update the default VAT rate when selling will take forever. Is there any simple way we can update all items and other transactions (like Chart of accounts that has default VAT rates set) to reflect the new VAT rate?

Looking forward to hearing from you.

2

Yes, by using the Batch Update tool. See this guide https://www.manager.io/guides/batch-operations

In the Batch Update process, you will export the data to a spreadsheet, allowing you to efficiently autofill the cells containing the linked tax code with the new tax code.

Before proceeding with the batch operation, manually update one item with the new tax code. This updated entry will be used for the operation, locate it in the spreadsheet and copy the linked tax across the remaining inventory items.

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3

Batch Update is the easiest way right now but eventually Batch Recode will be able to do it even faster because you will be able to change single field in bulk (currently it works for checkboxes only but the plan is to make it work for dropdown boxes too)

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4

Thank you so much!

5

This batch recode feature would be nice, but I see the Tax Code is not visible so we won’t be able to use this method yet. When are you planning on adding the Tax Code for dropdown boxes? Might it be before the VAT rate increase hits 1 May 2025? Hehe

6

It could be done in April. Once all the bugs in bugs category are resolved, I will start crunching through feature requests.

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7

Thanks!

8

Hi there, how do we create a new vat rate? I tried it and created the reporting category as well, and posted 2 receipts, one with 15% and one with 15.5%. On the VAT201 report, it includes both nett amounts but only show the 15% vat. Am I doing something wrong? Or have you updated the program and can I download again and restore my data? I am using the desktop version. Thanks so much!

9

I see it pulls correctly into all the other vat reports, except the VAT201. Not sure how to get this report to include the new rate

10

Hi @Procosol1,

Could you please show the updated tax return form? I mean VAT201

11

VAT201 test
VAT201 test952×808 117 KB

12

Screenshot 2025-04-23 094144
Screenshot 2025-04-23 0941441507×472 73.3 KB

This is showing the 2x R1000 transactions but only the 15% vat pulled in

13

VAT201 test
VAT201 test952×808 117 KB

This is the Vat201 report. I posted two transactions, one with 15% vat and one with 15.5%

14

Hi @Procosol1,

I was talking about the official VAT return so we can make changes in Manager localization to match it.

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15

The official amended return is not available yet and there’s a possibility that the increase might be scrapped as there’s a high court judgement next week. Maybe we should just wait a few days

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