What is a tax exemption?
Many clients, such as doctors, are exempt from VAT on their turnover, but they are also not entitled to deduct input tax from the invoices they receive.
How do I configure a tax exemption in Finmatics?
Open the Clients screen and open the ‘General’ tab. Now tick the ‘Vat exempt’ box. The tax amount and tax percentage fields are automatically set to 0. The correct tax code is selected automatically and the export to the accounting system takes place as usual
This setting is visible to DATEV and BMD customers. For systems in which the function is not visible, the accounting system calculates the tax correctly.