IFRS ledger: VAT adjustment
This setup is used on VAT adjustment processes carried out on the assets so as to indicate whether the adjustments should also be applied to the IAS/IFRS valuations.
Level of localization / Global variable
This parameter is defined at the level Company.It belongs to Chapter AAS (Fixed assets) and the Group VAT (Tax management),The following parameters are also associated with this chapter and group :
- DEFVATRAT (VAT rate by default)
- PCOTVAPMV (Take into account vat+/-values)
- REGBASDEV (Final VAT prorata fix)
- REGENCOURS (Fas in process: VAT adj)
- REGMAJBAS (Update VAT variation base)
- REGVATDEV (VAT variation with time)
- REVVAT (Reverse VAT on expense)
- VATAUTVAL (Automatic VAT validation)
No global variable is associated with it.
Functions concerned
The following functions are associated with this parameter :
Fixed assets > Processes > VAT adjustment > Assets
Fixed assets > Processes > VAT adjustment > Global
It is also used during a VAT adjustment processing carried out automatically following:
- the actual issue of an asset (Asset issue and Mass asset issue processing functions),
- the activity sector transfer of an asset (Transfer and Analytical/geographical mass transfer functions ).