Taxes – Value Added Tax

How does Value Added Tax work in Vektori?

Value Added Tax rates determine how taxes are calculated for products and sales. Correct VAT settings are essential for reporting and accounting.

VAT settings define

• the VAT rates in use

• the default VAT to be applied

• the names and percentages of the VAT rates

Checking VAT settings

1. Go to Settings → Taxes / VAT

2. Check the VAT rates and percentages

3. Add or edit if necessary

4. Save

Remember to check the VAT settings whenever tax rates change.