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Frequently asked questions about VAT with bexio

Are there more than two net tax rates per company?

No, a company may have a maximum of two net tax rates.

Can I still adjust my net tax in bexio even if I still do not know my net tax rate?

To adjust the net tax rate method in bexio, it is imperative to know your net tax rate as this is a mandatory field. If you do not know your net tax rate, leave the default settings and adjust the settings once you know your net tax rate. You can learn how to make those changes here here.

Can I change my net tax rate if I typed it in wrong?

A net tax rate can be changed as long as it was not already used in any posting. You must then either delete the postings (recommended when there are only a few postings) or let it be adjusted by Support (recommended when there are many postings). Please send your request to support@bexio.com.

Can I return to the effective method if the tax balance is adjusted?

If the adjustment is set to balance tax method, you can only change it to the effective method if no postings have already been made. You must either delete the postings (recommended when there are only a few postings) or let it be adjusted by Support (recommended when there are many postings). Please send your request to support@bexio.com.

Why do I have to pay acquisition tax?

If you are taxed on balance, you are not entitled to deduct input tax, and for this reason you cannot make the acquisition tax valid as input tax again and it must be paid in full(8%).

Why can I not change my VAT settlement type or method?

You can find more about this here article.

Must I collect input tax even if I am taxed on balance?

If you are taxed on balance, you do not need to collect input tax because you cannot deduct it from VAT afterwards. Note: the acquisition tax must, however, be recorded.

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