Configuring VAT

In order to make correct financial payment between a Tour operator and Travel agencies, you can calculate prices of services, including the value added tax, and view information about VAT in the invoices that are issued to a customer.

Particularly, a user can:

• Add the corresponding VAT payer’s number to the profile of your company and of your partners.

• Specify if VAT should be added to the services price and show that in the invoices accordingly.

• Set different VAT rates for calculating Tour operator’s final prices and amount of commissions.

• Set different VAT rates for different countries and products (for example, you can set the VAT rate to 14% for local products that are sold in the country you reside in and 0% for ones sold in the external market).

• Calculate Tour Operator’s and Travel Agency’s prices with markup and VAT.

• Issue invoices to a Travel Agency, that are generated in accordance to the VAT rates.

To include VAT into product price, you should create a VAT plan and define it in the contract settings.
To create a new VAT plan,

1. On the Finance menu, click Payment settings.

2. Go to the VAT tab.

   Open

   

3. On the VAT tab, click Create. The New VAT Plan window appears:

   Open

   

4. Enter the VAT plan name.

5. Specify the VAT rate if you plan to use single VAT rate for all the countries, suppliers and products. Or click the Add icon to differentiate the rates.
   You may differentiate the VAT rates by:

   1. Suppliers

   2. Countries

   3. Product types

   4. Tag groups

6. Consequentially specify suppliers, countries, product types or tag groups.

7. Click Apply.

8. Specify the VAT values for every selected parameter and click Save.
   For example, if you are using the VAT rate of 14% when selling inside the country (hotels, located in Germany) and 0% for external (hotels, located outside of Germany), the VAT calculation plan should be as shown below: