How to enter a reduced vat rate for products
Important facts you should know
- If you are selling products with a reduced VAT rate, you have to add this information into your hellotax account
- This information is used when creating VAT reports, which are used for the VAT return filings
- This information will be compared with your filed vat returns by the tax office.
How to enter a reduced VAT rate for products:
- Log into your hellotax software account.
- Go to Settings then Products.
- In the menu on the top right, click on Export in order to download the list of your products.
- In column F under VAT_TYPE please mark the products with a reduced VAT rate. For different VAT rates for the EU member countries, please read this article.
After you have edited the File, please upload it into the hellotax software by clicking on Import.
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