Configure VAT Codes¶
Overview¶
Determining the correct VAT treatment can be challenging. CURQ helps simplify this process through the use of VAT Codes and Fiscal Positions.
VAT Codes define how tax is calculated and reported. CURQ comes with a predefined set of VAT codes based on the selected localization. In most cases, these VAT codes are already configured and ready to use.
You can access VAT Codes via:
Invoicing → Configuration → Taxes
VAT Configuration¶
When opening a VAT code, the following settings are available:
Field |
Description |
|---|---|
Tax Name |
Enter a clear and recognizable name for the VAT code. This name is displayed throughout CURQ on invoices, products, and accounting entries. |
Tax Calculation |
Select how the tax amount should be calculated. Options: • VAT Group: Combines multiple VAT codes into a single VAT rule. • Fixed Amount: Applies a fixed tax amount regardless of the transaction value. • Percentage of Price: Calculates VAT as a percentage of the transaction amount. • Percentage of Price (Tax Included): Calculates VAT as a percentage of the total amount including VAT. |
Tax Type |
Determines where the VAT code can be used within CURQ, such as Sales or Purchases. |
Tax Scope |
Defines the type of products or services to which the VAT code can be applied. |
Amount |
Enter the tax percentage or fixed amount depending on the selected VAT calculation method. |
Definition Tab¶
The Definition tab contains the accounting rules for the VAT code.
For each VAT code, at least the following lines should be configured:
One line for the taxable base amount
One line for the VAT amount
These rules determine:
Which VAT box is used in tax reporting
Which general ledger account receives the posting
What percentage of the tax amount is posted
For credit notes, these postings are usually reversed.
Advanced Options¶
Additional VAT settings can be configured under the Advanced Options tab.
Tax Details¶
Field |
Description |
|---|---|
Label on Invoices |
Tax label displayed on customer invoices and vendor bills. |
Description |
Internal description of the tax. |
Tax Group |
Groups similar taxes together for reporting and VAT returns. |
Include in Analytic Cost |
Includes the tax amount in analytic accounting costs. |
Country |
Country where this tax is applicable. |
Legal Notes |
Additional legal or compliance information related to the tax. |
Advanced Tax Options¶
Field |
Description |
|---|---|
Included in Price |
The tax is included in the product price instead of being added separately. |
Affect Base of Subsequent Taxes |
Includes this tax amount in the calculation base of later taxes. |
Base Affected by Previous Taxes |
Allows previous taxes to affect the calculation base of this tax. |
Managing VAT Codes¶
CURQ provides a complete set of VAT codes as part of the standard configuration.
If certain VAT codes are not required for your business, they can be deactivated by disabling the Active option.
Deactivating a VAT code prevents it from being selected in new transactions while preserving historical accounting data.