Streamlining VAT and Excise Tax Management with Empress

Guides & Tutorials
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Introduction

Introduction

The VAT/EXCISE Tax Implementation feature in Empress is a versatile tool designed to simplify your tax management needs. As a business user, you would find this feature extremely helpful in managing VAT and Excise taxes for your operations in UAE and KSA.

Let’s get into the details of how you can effectively use this feature in your everyday business operations.

Setting Up Tax Registration Number

To start with, you need to set up your Tax Registration Number. This is a unique identification number assigned to each taxpayer. Here’s how you can set it up in Empress:

  1. Navigate to the Customer, Supplier, and Company sections.
  2. Look for the ‘Tax ID’ field in each of these sections.
  3. Enter your Tax Registration Number in the ‘Tax ID’ field.

Establishing Tax Code for Products

Next, you’ll need to set up a Tax Code for each of your products. Here’s how:

  1. Navigate to the ‘Item Master’ section.
  2. Look for the ‘Tax Code’ field.
  3. Enter the relevant Tax Code for the product.

By doing this, Empress will automatically fetch the Tax Code when you select the item in sales or purchase invoice.

Using Default Tax Templates

Empress comes with a set of Default Tax Templates for VAT (5%, zero, exempted) and Excise (50%, 100%). You can use these templates as they are or create your own custom tax template if necessary.

Creating VAT Ready Invoices

With the Tax Registration Numbers and Tax Templates set, you’re now ready to create VAT Ready Invoices. Here’s how:

  1. Navigate to the ‘Sales Invoice’ section.
  2. Select the appropriate Customer, Item, and Address.
  3. Make sure the Tax Registration Numbers for your Company and Supplier are correct.
  4. Confirm the Tax Code is set in the Item.
  5. Select the tax template that you’ve created.
  6. Save and submit the Invoice.

Printing Tax Invoices

Empress provides two default print formats: Simplified Tax Invoice and Detailed Tax Invoice. You can choose either of these based on your requirement.

Setting Up VAT Accounts

Lastly, you need to set up your VAT Accounts. These are the accounts that will be used for creating VAT invoices. Simply navigate to the ‘VAT Account Settings’ and select the accounts you wish to use.

Conclusion

The VAT/EXCISE Tax Implementation feature in Empress streamlines your tax management process, making it easy and efficient to manage your Tax Registration Numbers, configure tax codes, use default tax templates, create VAT ready invoices, print tax invoices, and set up VAT accounts. With this feature, you can ensure your business is VAT-ready at all times.

For any further assistance, feel free to reach out to our support team or access our extensive range of non-technical resources.