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How to setup Invoices Tax code for North Rhine Westphalia, Federal Republic of Germany?
Updated on October 19, 2016 03:19AM by Admin
Users in North Rhine- Westphalia, Germany can easily set up their online Invoices to charge for the sales/services taxes. In North Rhine- Westphalia businesses are required to charge VAT taxes on all products/services they sell. You can use our Single rate tax code calculator to make these tax rates available for use when creating invoices.
The tax code followed in North Rhine- Westphalia, Germany
The Value Added Tax (VAT), is a form of consumption tax and it is collected at the standard rate of 19% on most supplies of goods and services. While a reduced rate of 7% applies to certain goods like books, food, transport etc..,
Reference: Value Added Tax (VAT) rates of North Rhine- Westphalia, Germany is referred from Wikipedia (Taxation in Germany) and Tax rates web sites.
Steps to Configure Taxes on Invoices App Settings
- Log in and access Invoices App from your universal navigation menu bar.
- Click on “More” icon and select "Settings" located in the app header bar.
- Click on “Invoice” and select "Taxes" from left navigation panel.
- Select “Single Rate Taxes” on taxation.
- Click “Create” button to create a single rate tax.
- Provide the following:
- Tax Code – Code of the tax.
- Tax Rate Type – Select a type either fixed or percentage.
- Tax Rate – Rate of the tax (percentage or amount).
- Print Label – Name of the tax.
- Click on “Create” button to complete.
- You can view the created single rate tax code in a list.
- By default, the created single rate tax will be in enabled mode.
- You can proceed creating a new invoice with the above settings.
- You can either E-mail an invoice with PDF attachment or manually print invoice to the customer.
- You can view the invoice Tax code items subtotals on PDF format.
- You can capture the tax code at invoice header level and line level.