Taxes

Tax adjustments may be made under settings > configuration > taxes.

Gross / Net

Billomat can work with either gross or net figures. A parallel operation with both types of prices is not possible. This setting is usually only done once. All documents (invoices, estimates, etc.) that are currently in draft mode need to be completed or deleted first.
It is only possible to change the price base after all draft processes have been completed. Billomat will automatically calculate the new price (i.e., calculate the gross price from the previous net price or vice versa). If necessary, this calculation might need to be adjusted, as it can lead to inevitable rounding errors in the last decimal place.

Tax rates

Any number of tax rates might be applied. A tax rate always consists of a designation (e.g., VAT) and a rate (e.g., 19%). A tax rate can be set as the default tax rate. Billomat uses this tax as a preset when new items are inserted into a document. A tax rate may be edited or deleted with a click. If for instance the tax amount (rate) changes, it will affect all items to which the tax rate has been assigned. Existing documents remain untouched.

Tax-free countries

Invoices for customers abroad can make allowances for value-added tax. Exemptions may be formulated in this case. A green plus symbol will mark a country with tax exemption and will add it to the list of exemptions.
Billomat automatically ensures that no tax is recorded if a customer is based in one of those countries.
A tax-free country can be removed from the list by clicking on the trash icon at the end of the line.

Tax-exempt customers

Customers can also be marked with tax exemptions. To edit the customer record, click
“edit” > “settings” and then define whether the customer is always taxed or never. A third choice, also a presetting, will calculate tax if the customer is not a resident of a country with exemptions as specified above.

Exemptions on a customer basis are useful if the tax law of a country defines the tax status of a customer on the basis of private or commercial registration.