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GrahamMackie
November 8, 2023
Question

German VAT rates for sales and purchases in QBO

  • November 8, 2023
  • 1 reply
  • 0 views

Hi,

I am trying to setup the VAT rates for sales and purchases in QBO German language version for our GmbH subsidiary.  I already use the UK version and have this all setup but the options on the German version of the software are different.  I have the standard 19% for sales setup but cannot work out how to setup VAT rates for purchases.  Has anybody else done this already ?

1 reply

MJoy_D
MJoy_D
November 8, 2023

Hello, GrahamMackie.

 

I can assist you with configuring VAT rates for purchases in your QuickBooks Online Germany account.

 

You can go to the Taxes page and then tick the checkbox for the This tax is applicable on purchases. 

 

Here's how:

 

  1. Go to the Taxes page and select Set up tax.
  2. Set your Tax name, Description, and Tax agency name.
  3. Provide all the necessary information. 
  4. Enter the Sales rate, then select This tax is applicable on purchases checkbox.
  5. Click on Next, then select OK.

 

Here's more information about setting up and using sales tax in QuickBooks Online. You can check out this guide on how to create a custom tax agency. 

 

After adding tax categories to your products and services and tracking sales tax from your customers, you can now use tax on an invoice or sales receipt to automatically track tax when you make a sale.

 

Please let me know if you have any questions about setting up VAT rates for purchases. I'm always here to help. Have a great rest of the day!

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