VAT, customs, and taxes.
Setup of VAT, VAT reports, and VAT settlement.
Here's an explanation of how VAT codes work in Xena.
What is VAT, and how is it settled in Xena?
When a receipt or invoice specifies a VAT rate of 25%, it is not always possible for you to deduct the entire VAT amount. In Xena, you can customize the VAT deduction as needed.
Sometimes there is a need to sell or purchase goods or services without calculating VAT. Learn more about how to do it in Xena.
Reverse charge is used for trading mobile phones, tablets, laptops, etc
Usually, when you import goods or purchase services from countries outside the EU, you are required to pay Danish VAT and possibly customs duty. This is referred to as Import VAT.
From July 1, 2021, the VAT rules for sales to individuals in the EU have been changed. This means that One-Stop VAT has been replaced by the VAT One-Stop Shop (MOSS).
How to handle the reconciling of the VAT Report in Xena
Here's how you choose Xena as NemVirksomhed with SKAT.