A new VAT regulation will be implemented in Sweden in the beginning of 2021. The VAT regulation imply that VAT reverse charge will be applied when sale of certain parts/products decrease a value of 100 KSEK. If the value of the same part/product is below 100 KSEK the ordinary VAT rules will be applied. The VAT regulation will impact both sales and purchases.
- Does anyone have a setup in IFS to handle multiple VAT-codes in the same supplier invoice and is applying automatching against purchase order (Note: not on part line)?
- Does anyone have a setup for customer invoicing where the VAT-code used is dependent on the value of the invoiced parts/products? Also, if multiple VAT-codes can be used in the same customer invoice applying the above rule?
Thanks.