Tax Summary Reports

The Taxes section consists of two reports:


Overseas Tax Summary Report

The Overseas Tax Summary report summarizes the taxes you’ve charged for supply of digital services to your overseas customers.

To view the overseas tax summary report:

Reports

The overseas tax summary report will contain the details of the: 

Category Description
Consumption Country The country of the customer who has purchased your digital service.
Tax Name The name of the tax that is applied on the sale of digital service.
Currency The currency that is used by the customer.
Taxable Amount The total value of the services offered that is taxable.
Tax Amount The value of tax payable on the Taxable Amount.

Note: The Taxable Amount and the Tax Amount will be displayed in the respective foreign currencies.

You can run this report based on the following filters:

Field Description
Date Range Select the time period for which you want to generate the report.
Report Basis Accrual: Values are generated when the transactions are created.Cash: Values are generated when they receive the cash.

You can download this report by clicking Export As in the top right corner of the page and selecting the file format which you want to download.

You can also print the report by clicking the Print icon in the top right side of the page.

VAT Moss Report

The VAT Moss Report summarizes the tax details based on the place of supply for the digital services you offer to your customers in the EU member states.

To view the VAT Moss report:

Reports

The VAT Moss report will be categorized based on the: 

Category Description
Member State of Consumption The EU member state of the customer who has purchased your digital services.
Tax Name The name of the tax that is going to be applied on the sale of digital service.
Taxable Amount The total amount of the services offered that is taxable.
Tax Amount The payable amount after applying the tax rate to the Taxable amount.

Note: The Taxable amount and the Tax amount will be displayed in the respective foreign currency.

You can run this report based on the following filters:

Field Description
Date Range Select the time period for which you want to generate the report.
Report Basis Accrual: Values are generated when the transactions are created.Cash: Values are generated when they receive the cash.

You can download this report by clicking Export As in the top right corner of the page and selecting the file format on which you want to download.

You can also print the report by clicking the Print icon on the top right side of the page.

OSS/IOSS Scheme Report

The OSS/IOSS Scheme Report gives you a summary of the tax applied on transactions as per the OSS/IOSS scheme.

To view this report:

Reports
Column Description
Member State Of Consumption The country into which the goods and services are imported.
VAT The VAT rate applied for a particular country.
Taxable Amount The total amount for which you have sold your goods and services.
Tax Amount The tax applied on the total taxable amount for that country.

You can also customise this report to filter and view specific parts of the report.

Customize Report

Customizing a report allows you to view the tax applied on transactions as per OSS/IOSS scheme during a specific period.

To customise the report:

Fields Description
Date Range Select the period for which you want to generate the report.
Report Basis Select if you want the report to be generated on an Accrual or Cash basis.
Reports
Was this document helpful?
Yes
No
Thank you for your feedback!
Want a feature?
Suggest
Switch to smart accounting software. Switch to Zoho Books.   Start my free 14-day trial Explore Demo Account

Books

MTD ready accounting
software for small
businesses.