Entering Documents - Received Invoice with VAT Apportionment
A received invoice, or another document — cash receipt, other liability — is entered with the tax base and VAT values.
Select a prorated VAT line — 40-41 KR, 10-11, 43-44, 47 KR, 03-04, 43-44, 47 KR, or another line marked KR.
Example: tax base CZK 10,000, VAT amount CZK 2,100.
When generating the VAT Return, enter the required Coefficient. For this example, I entered 80.
The VAT Return now shows the value on line 40: Tax Base CZK 10,000 and, in the Prorated Deduction column, CZK 2,100.
On line 52: Coefficient 80 and Deduction value CZK 1,680.
Posting to Account 343
You also need to post an internal document for the remaining VAT amount, which is CZK 420.
This can be posted directly to expenses or according to the nature of the purchase.
A VAT-registered entity that cannot claim an input tax deduction, or is required to apportion its input tax deduction, shall post the amount of tax that could not be deducted either to expenses or as part of the valuation of tangible or intangible assets, inventories, or the cost of a service.