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10.8.2. Tax Return

The tax return report provides a summarized listing of both taxable and zero-rated sales and purchases needed for reporting to tax authorities. The report is ideally suited to value added tax (VAT) scenarios, where tax liability is based on the difference between taxes paid on sales vs. taxes paid on purchases. To view the tax return report, go to Accounting > Tax > Reports > Tax Return. The following screen will appear:

Tax Return

When displaying a tax return, you are presented with the following options:

Tax Authority

Specify the tax authority you want to display return information for. Display will summarize any sales or purchases where the tax code(s) used is specifically linked to the tax authority.

Note

For transaction information to be included in the tax return report, the tax authority must be linked to one or more tax codes.

Date Range

Specify the date range, based on the chosen date basis:

Start Date

Taxes posted on and after this date will be included in the report.

End Date

Taxes posted on and before this date will be included in the report.

Basis

Specify a date basis to use for the report:

Document date

Select to use the document date as the basis for the report.

Distribution date

Select to use the G/L distribution date as the basis for the report.

Tax Return

Display lists summarized tax return information, using the specified parameters.

Note

For detailed tax information, please see the Section 7.13, “Tax History” report.