The balance/flat-rate tax accounting method can also be used in AbaNinja. This functionality is part of a paid subscription, which you can purchase via the Swiss21 portal, or if there is an active connection to Abacus Financial Accounting.
In this case, the desired tax rates can be added under Settings > VAT > Tax rates. It is important to enter the respective tax rate as a "flat rate" and also the desired year from which the rate should be valid.
Once all the desired flat rates have been entered, a new VAT period can be entered under VAT periods. By default, the 2nd / 3rd reduced rates are set the same as the 1st reduced rate, but can be replaced by the flat-rate tax rates created in the previous step. It is also possible to enter reduced rates for the tax rates valid until 31 December 2023 (7.7%, 3.7%, 2.5%).
VAT settlement
The reduced rates are taken into account as follows under Accounting > VAT > VAT settlement:
Tax amount of the 1st reduced rate (item 323 and item 322):
(supply for 1st reduced tax rate) * (1st reduced tax rate / 100) = tax amount
Tax amount of the 2nd / 3rd reduced rate (item 333 and item 332):
(benefit for 2nd reduced tax rate) * (2nd reduced tax rate / 100) +
(benefit for 3rd reduced tax rate) * (3rd reduced tax rate / 100)
= tax amount
The calculation of the percentage in item 333 and item 332 is calculated as follows:
(2nd reduced tax rate + 3rd reduced tax rate ) / 2 = percentage rate
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