VAT Rates

Hierarchy and Structure

The hierarchy of VAT rates in Logistiqo is structured as follows:

VAT rate is assigned to Account (1.) is assigned to Booking Template (2.) is assigned to Service or Direct Invoice Template or Price List (3.).

The following sections explain each level in detail.

1. Account

1. To assign a VAT rate (VAT taxable/VAT reduced/VAT exempt) to an account, navigate to “Settings > Accounting > Chart of Accounts” in the menu.
2. Select an account from the table or create a new account.
3. Select the desired VAT rate in the “VAT Rate” field and save the account.

2. Booking Template

1. To assign an account to a booking template, navigate to “Settings > Accounting > Booking Template” in the menu.
2. Here, booking templates can be created and managed. A booking template consists of four accounts: “Account”, “EU Account”, “Third Country Account”, and “Exempt (Tax Exempt) Account”.
3. To create a booking template with a reduced or tax-exempt VAT rate, for example, select the accounts with the corresponding VAT rate.

3. Service/Direct Invoice Template/Price List

1. To assign a booking template to a…
   1. …Service, navigate to “Master Data > Service” in the menu.
   2. …Direct Invoice Template, navigate to “Accounting > Miscellaneous > Direct Invoice” in the menu.
   3. …Price List, navigate to “Settings > Pricing > Pricing”.
2. Select a service or a direct invoice template or a price list from the table, or create a new record.
3. Select the booking template with the desired accounts and VAT rate in the “Booking Template” field. (Note: For services and price lists, you must first check the “Override Revenue Account” option to select a booking template).

You can now invoice the service/direct invoice template/price list with the desired VAT rate.