General info
Tab 4 covers VAT and GST in Europe, the Middle East, the Gulf states and Asia-Pacific. Tab 5 covers Latin America and works the same way, with fewer columns.
Each registration takes one row: the entity, the obligation type (such as VAT or an EC sales list), the country, the status and the start date.
If you don't have the official start date, enter the date from which you want to track the obligation in Loctax.
The VAT admin info is optional: bank accounts for refunds and payments, and your service provider and their responsibilities.
VAT groups
Answer Yes under consolidation, enter the location and a name for the group, and use the same name for every member.
Choose the Return type and the Filing Entity. For a consolidated return, the workflow tasks and data are created for the filing entity only.
Periods, payments and registration
Set the periodicity, and the filing period: the calendar year or a custom tax year.
The filing due date is a number of months and days, before or after the start or end of the period.
Add the annual consolidated return, the payment due date and prepayments, if they apply.
Finish with the registration: its number, country, status and registration date.