Option for deduction of VAT in invoice
Option for deduction of VAT
Good morning, I am Juan Jose Bueno in the library of the Faculty of law of the UAM.
We need to add a deduction of VAT field. According to Spanish law, we are entitled to deduct a percentage of VAT, 7% or 100%. This deduction is applied to the amount of VAT and we must have the possibility of applying this deduction.
Example:
Price book: €100
VAT 4%: €4
deduction 7%: 0.28
Total invoice: €104
Total invoice with deduction: €103,72
Balance would have to be so:
budget: €1000 paid: €104 balance: €896 balance with deduction: €896,28
Thank You.
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