VAT Information Exchange System
This tool is essential for verifying the validity of VAT numbers for companies within the EU.
Verification in the VIES Census and subsequent accounting in Odoo
The explanatory video at the end of this article shows all the necessary steps for proper verification in the VIES Census. It highlights the different points to consider for a correct understanding of the Information Exchange system and its application in your company's accounting. your company's accounting.
Verification in the VIES Census
Before carrying out intra-Community transactions, it is essential to confirm that both the supplier and the customer are registered in the VIES system. This ensures the correct application of VAT and avoids potential penalties.
Accounting for Intra-Community Invoices
- Step-by-step initial setup in Odoo to handle intra-community operations.
- Record of invoices received from suppliers in other EU countries.
- Issuance of invoices to intra-community clients, highlighting the application of the exemption
Fiscal Position Management in Odoo
This section covers how to create and assign tax positions in Odoo for different scenarios. It also includes the basics of configuring tax automation based on the tax position.
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