ZATCA KSA VAT RETURN SUMMARY

by
Odoo

$ 64.66

v 14.0 Third Party 22
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 1714
Technical Name ksa_vat_report
LicenseAGPL-3
Websitehttps://www.loyalitsolutions.com/
Versions 16.0 14.0 15.0
You bought this module and need support? Click here!
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 1714
Technical Name ksa_vat_report
LicenseAGPL-3
Websitehttps://www.loyalitsolutions.com/
Versions 16.0 14.0 15.0

ZATCA SAUDI VAT RETURN SUMMARY

The module helps to generate VAT Return Report, with the columns of specified format which is applicable for ZATCA.

Version 14.0 Community Enterprise

Key Highlights

  • Standard Rated Sales
  • Zero Rated Domestic Sales
  • Export Sales
  • Exempt Sales
  • Standard Rated Purchases
  • Zero Rated Domestic Purchases
  • Import Purchases
  • Exempt purchases

Overview

This is a module which lookups on the invoices that is validated and posted. This brings you to identify the total consolidated VAT amount which is posted on Odoo. It lists you out the total transactions in the time frame. When Installing this module the respective Tax Grids gets enabled nd assigning to the particular taxes.

SAUDI ARABIA VAT RETURN FORM

VAT RETURN FORM

It is required Tax Payers to provide the details about the VAT amount which collected on Sales and the amount which paid on purchases. In VAT Return form, there 16 entry boxes which cover all the transactions. The form has two sections. One deals with VAT on Sales and other section deals with VAT on purchases.

Box 1 : Standard rated sales

Amount: This box contains the value of goods and services sold in KSA during the current period.

Adjustment: It means the adjustments made to the sales amount of goods and services sold in KSA . This includes goods returned by customers and bad debt write-offs.

Box 2 : Private Healthcare/Private Education/First house sales to citizens

Amount: Private sector institutions should enter the value of goods and services supplied to Saudi citizens in this box.

Adjustment: Adjustments made to the sales amount of goods and services supplied to Saudi citizens by the private sector organizations should be mentioned here.

Box 3 : Zero-rated domestic sales

Amount: The value of all goods and services (subject to 0% VAT) sold in KSA during the current period will appear under this box.

Adjustment: Adjustments made to the sales amount of goods and services sold in KSA, subject to a 0% VAT rate and reported in previous return forms, should be mentioned here..

Box 4 : Exports

Amount: This box contains the value of goods and services (subject to 0% VAT) exported to customers outside KSA during the current period.

Adjustment: Adjustments made to the sales amount of exported goods and services sold to non-GCC countries, should be mentioned here.

Box 5 : Exempt sales

Amount: This box contains the value of goods and services exempt from VAT and supplied to customers, either inside or outside the KSA, during the current filing period.

Adjustment: Adjustments made to the sales amount of exempt goods and services sold inside and outside the KSA, and reported in previous return forms, should be mentioned here.

Box 6 : Total Sales

Box 7 : Standard-rated domestic purchases

Amount: Mention the value of goods and services, subject to the standard rate of VAT, purchased from suppliers in the KSA during the current filing period.

Adjustment: Adjustments made to the purchase amount of goods and services from suppliers in the KSA, subject to the standard rate of VAT and reported in previous return forms, should be mentioned here.

Box 8 : Imports subject to VAT paid at customs

Amount: This box contains the value of goods and services purchased from suppliers outside the KSA during the current filing period. These goods and services will be subject to the import VAT, which will be paid at customs.

Typically, the VAT for these goods should be paid at the time of clearing the goods, but in certain unavoidable cases, there’s an option to pay the VAT while filing returns. The VAT amount paid at customs will be declared here.

Services: For imported services, the taxpayer should account for VAT while filing their return. .

Adjustment: Adjustments made to the purchase amount of goods and services purchased from suppliers outside the KSA during the current filing period, and subject to VAT % , should be mentioned here.

Box 9 : Imports subject to VAT accounted for through the reverse charge mechanism

Amount: In this box, you should specify details about the total value of imports that were subject to reverse charge. The amount entered in Box 9 is assumed to be eligible for complete recovery.

Adjustment: The amount adjusted as a result of imports that are required to be accounted for under the reverse charge mechanism should be mentioned here. This happens when the customer acts as both- the supplier and the recipient for VAT purposes and self-assesses any amount due.

Box 10 : Zero-rated purchases

Amount: The value of goods and services subject to 0% VAT, purchased from suppliers in the KSA during the current filing period, will be mentioned here.

Adjustment: Adjustments made to the purchase amount of goods and services purchased from suppliers in the KSA, subject to a 0% VAT rate and reported in previous return forms, should be mentioned here.

Box 11 : Exempt purchases

Amount: The value of exempt goods and services purchased from suppliers in the KSA during the current filing period should be entered in this box.

Adjustment: Adjustments made to the purchase amount of exempt goods and services, purchased from suppliers in the KSA and reported in previous return forms, should be mentioned here.

Box 12 : Total purchases

Box 13 : Total VAT due for current tax period

Box 14 : Corrections from previous period

Amount: In case of incorrect entries in previous VAT returns, you can make changes here by inputting the correct amount.

Box 15 : VAT credit carried forward from previous period(s)

Amount: Any VAT credits that were earned in previous filing periods, but not claimed or refunded, will be listed here. This amount will be deducted from the total VAT due for the current filing period.

Box 16 : Net VAT due (or reclaimed)

Amount: The total amount of VAT due, or claimed, for the current period should be mentioned here. If you have negative VAT due, you can claim that amount as a refund or carry it forward for subsequent periods.

Features

  • Consolidated Total VAT on Sales
  • Consolidated Total VAT on Purchases
  • VAT Returns of Export Sales and Exempt Sales
  • VAT Return details of Import Purchases and Exempt purchases
  • VAT credit carried forward from previous periods
  • Net Due Amounts

Configuration

  • Required Tax Creations and Allocating Respective Tax Grids.

01

Configuration

Once the module is installed, it will list out all the Sales related Tax Grids

02

Once the module is installed, it will list out all the Purchase related Tax Grids

03

Assigning the Tax Grid as Standard Rated Sales + , Standard Rated Sales VAT + for distribution of invoices and assign the tax grid Standard Rated Sales (-) Standard Rated Sales VAT - for distribution of credit notes

04

: Choose the tax grid Zero Rated Sales + for distribution of invoices and Zero Rated Sales (-) for distribution of credit notes.

05

Choosing the tax grid Export Sales + for distribution of Invoices and Export Sales(-) for distribution of credit notes.

06

For Exempt sales, there need to select Exempt Sales + for distribution of Invoices and Exempt Sales - for distribution for credit notes.

07

For Purchase VAT 15, choose the tax grid Standard Rated Domestic purchase + for distribution of invoice and Standard Rated Domestic Purchase (-) for distribution of credit notes and assign the tax grid Standard Rated Domestic Purchase VAT + for distribution of Invoice and Standard Rated Domestic Purchase VAT (-) for distribution of credit notes.

08

For purchase VAT Zero tax, choose the tax grid as Zero Rated Purchase + for invoice and Zero Rated Purchase (-) for credit note.

09

For purchase import Taxes, choose Import Domestic purchase + for invoice and Import Domestic Purchase - for credit notes And Import Domestic purchase VAT + and Import Domestic Purchase VAT - respectively.

10

For Exempt purchase, choose Exempt purchase + for invoice and Exempt Purchase (-) for credit notes.

11

Set the starting date of the period of which the report to be generated, in Accounts - > Settings

12

You will be able to generate the report by navingating to Accounting - > Reporting - > VAT Report

13

Generate the report

14

REPORT VIEW

IMPORTANT NOTE :

The module will generate the report of the period from the day which the module is installed. To generate the report of the previous period, need to follow the below procedures.

The below invoice INV/2022/00001 is the default one from Odoo where there are tax details that are configured with respect to this module without any updating.


15

For updating the Tax Grid between a particular period Go to Reporting – Upgrade Tax Grid option


16

A wizard with the Start Date and End date will appear. This is to choose the previous period and the invoices in that period need to be updated in the KSA VAT Return Report. Choose the period required and click on update.


17

Once you update there will be details updated in the tax grid column of Invoice under journal items.


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There are no ratings yet!
I do not recommend anyone to use it
by
salah
on 9/19/22, 5:11 AM

this model has problems and the support is weak and it is not useful
You can use the tax report in the account_financial_report

Re: I do not recommend anyone to use it
by
SHAMNAS K A
on 1/16/23, 1:18 AM Author

Hi,

Please note that the report will be generated perfectly only after the configurations are made, as mentioned in description.  Many Odoo users could generate the report, as they configured it perfectly.

If you need any assistance for configurations, please get support from our team.

Please send your queries to support@loyalitsolutions.com