Create VAT Invoice from FA Writeoff Act

Since the liquidation of fixed assets by the taxpayer's independent decision is equated to the supply of goods, the writeoff of the fixed asset is accompanied by the calculation of VAT and the issuance of a VAT invoice.

Required settings

Before creating a VAT invoice from FA Writeoff Act, make sure all necessary settings are in place:

1. The corresponding VAT Business Posting Group is configured on the VAT Business Posting Group page. In the VAT Registration No. field, enter the value 400000000000. This value is a legal requirement for the correct creation of a VAT invoice in case of liquidation of fixed assets.
2. On the VAT Posting Setup page, for a specific combination of a VAT Business Posting Group and VAT Product Posting Group, select the 05 value in the VAT Inv.Keeping Reason field. This value is a legal requirement for the correct creation of a VAT invoice in case of liquidation of fixed assets.

Creating a VAT Invoice

Do the following to create a VAT Invoice from FA write-off act:

1. Create and Post a FA Write-off Act. More details in Fixed Assets Writeoff Acts.
2. Choose the icon, enter Posted Fixed Asset Writeoffs, and then choose the related link.
3. Open the necessary act and click Related > Create VAT Invoice.
4. An appropriate VAT Invoice will be created.
5. To view the created VAT Invoice, you need to go to the Sales VAT Invoice List page.

See Also

Fixed Assets Writeoff Acts
VAT Posting Setup