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    • How to correctly account for data so that it appears in the VAT return?
    Sequence of actions for the VAT report to be generated correctly: Create correspondent accounts for registering purchase/sale transactions and specify them when creating separate Operation types. Registers → Warehouse → Operation types:Sales LTSales Art. 96Exempt service salesExport salesEU salesService sales (0% VAT rate)Service sales (non-VAT object)EU purchases (goods)EU purchases (services)Create VAT correspondent accounts that will be used for different VAT accounting cases. General ledger → Chart of accounts:VAT receivableVAT payable (21%)VAT payable (9%)VAT payable (5%)Reverse VAT (Art. 96)Import VAT paidCreate VAT rates that will be used for different VAT accounting cases and specify VAT classifiers. Registers → Warehouse → VAT rates:21% - amount 21, PVM1 Taxable VAT 21%Goods supplied to EU VAT payers – amount 0, PVM13 According to Art. 49 part 1 of the Law on VATNon-VAT object – amount 0, PVM15, According to Art. 13 of the Law on VATPurchase/Sale according to Art. 96 – amount 21, PVM25Purchased services from EU 0% VAT rate – amount 0, PVM21, Services purchased from EU VAT payers, the sales VAT of which is calculated by the buyer (Art. 95 part 2 of the Law on VAT)Purchased services from EU non-VAT payers – amount 0, PVM20, Services purchased from EU VAT payers, the sales VAT of which is calculated by the buyer (Art. 95 part 2 of the Law on VAT)Purchased goods from EU 0% VAT rate – amount 0, PVM16 Acquisition of goods from another member state, including cases when goods are not delivered to Lithuania, but the LT VAT payer code is provided to the sellerExport of goods – amount 0, PVM12 According to Art. 41 of the Law on VATNon-VAT object - purchases – amount 0, PVM100Non-VAT object – sales – amount 0, PVM15Register purchases and sales by selecting the appropriate Operation type created in step No. 1 and assigning the appropriate VAT rate created in step No. 2.In order for detailed data about purchased goods and services to arrive in FR0600, it is necessary to:In the Clients module, supplement information about the client: Foreigner? + VAT codeIn the Purchases module, Purchase items can be detailed by each purchase item. When registering invoices, for each item, it is possible to set the "VAT register attribute", where the user selects whether it is an EU good or EU service, or non-EU good. After marking these data, the system automatically fills in the required fields of the FR0600 form.How to register purchase invoices when purchasing goods from the EU? (FR0600)
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    Accounting Software

    How to correctly account for data so that it appears in the VAT return?

    Sequence of actions for the VAT report to be generated correctly:

    1. Create correspondent accounts for registering purchase/sale transactions and specify them when creating separate Operation types. Registers → Warehouse → Operation types:
      • Sales LT
      • Sales Art. 96
      • Exempt service sales
      • Export sales
      • EU sales
      • Service sales (0% VAT rate)
      • Service sales (non-VAT object)
      • EU purchases (goods)
      • EU purchases (services)
    2. Create VAT correspondent accounts that will be used for different VAT accounting cases. General ledger → Chart of accounts:
      • VAT receivable
      • VAT payable (21%)
      • VAT payable (9%)
      • VAT payable (5%)
      • Reverse VAT (Art. 96)
      • Import VAT paid
    3. Create VAT rates that will be used for different VAT accounting cases and specify VAT classifiers. Registers → Warehouse → VAT rates:
      • 21% - amount 21, PVM1 Taxable VAT 21%
      • Goods supplied to EU VAT payers – amount 0, PVM13 According to Art. 49 part 1 of the Law on VAT
      • Non-VAT object – amount 0, PVM15, According to Art. 13 of the Law on VAT
      • Purchase/Sale according to Art. 96 – amount 21, PVM25
      • Purchased services from EU 0% VAT rate – amount 0, PVM21, Services purchased from EU VAT payers, the sales VAT of which is calculated by the buyer (Art. 95 part 2 of the Law on VAT)
      • Purchased services from EU non-VAT payers – amount 0, PVM20, Services purchased from EU VAT payers, the sales VAT of which is calculated by the buyer (Art. 95 part 2 of the Law on VAT)
      • Purchased goods from EU 0% VAT rate – amount 0, PVM16 Acquisition of goods from another member state, including cases when goods are not delivered to Lithuania, but the LT VAT payer code is provided to the seller
      • Export of goods – amount 0, PVM12 According to Art. 41 of the Law on VAT
      • Non-VAT object - purchases – amount 0, PVM100
      • Non-VAT object – sales – amount 0, PVM15
    4. Register purchases and sales by selecting the appropriate Operation type created in step No. 1 and assigning the appropriate VAT rate created in step No. 2.
    5. In order for detailed data about purchased goods and services to arrive in FR0600, it is necessary to:
      1. In the Clients module, supplement information about the client: Foreigner? + VAT code
      2. In the Purchases module, Purchase items can be detailed by each purchase item. When registering invoices, for each item, it is possible to set the "VAT register attribute", where the user selects whether it is an EU good or EU service, or non-EU good. After marking these data, the system automatically fills in the required fields of the FR0600 form.
      3. How to register purchase invoices when purchasing goods from the EU? (FR0600)