VAT filing is a recurring activity that can be done faster and easier thanks to technological advancements. By linking with Digipoort, you can send VAT returns digitally via MKG with just one click. How this works is explained in this article.

The standard report 'VAT Return' shows the VAT return for the selected period. The amounts are divided into 4 sections (domestic performances, domestic fixed establishments, performances to or in foreign countries, performances from abroad performed for you). The amounts are then calculated in section 5 (calculation of VAT). The outcome of the report is the total VAT amount to be paid. If no period is selected, the report remains empty.

The standard report 'VAT Return Germany' shows the VAT return for Germany for the selected period. The amounts are divided into different sections. The outcome of the report is the total VAT amount to be paid. If no period is selected, the report remains empty.

The standard report 'VAT Return Belgium' shows the VAT return for Belgium for the selected period. The amounts are subdivided into different categories. The outcome of the report is the total VAT amount to be paid. If no period is selected, the report remains empty.

The country code in MKG is necessary for proper addressing and handling of the VAT declaration. By indicating that it concerns an EU country, the correct VAT section is selected. If it concerns a foreign company, an ICP declaration must also be filed.

If you want to file the VAT return for a new administration, it may be that this return is collected in another, existing administration. How can you file the VAT return from the new administration?

After all entries are recorded, they need to be reviewed. Evaluate the trial balance, check the VAT return, and close the VAT period. Once the entries in all journals are definitively processed, close the period. This is the seventh step in the period closure. »

The final step in the period closure is managing the financial reporting. Once all financial transactions are correctly processed, various reports can be generated in MKG. This includes not only mandatory reporting to the Tax Authorities but also various internal reports.

In the 'VAT' process table, various VAT rates can be created. Additionally, the links between general ledger accounts and the VAT rates can be maintained. A distinction can be made between country types.

With the standard dashboard 'VAT Analysis', you can quickly and easily analyze the VAT return. Based on the selected VAT period(s), the recorded transactions are displayed for each general ledger account.

This article shows how to configure the 'Other Matters' on the 'Data' tab, for example, how to handle VAT returns in the Liquidity module.

Regarding the process table 'Periods' in MKG, the two available tabs in this table are discussed: 'Financial' and 'VAT'.