Due to the new VAT rates valid from January 1, 2018, new net tax rates will also apply in individual sectors from January 1, 2018. You will have been directly informed about this by the Federal Tax Administration FTA.
Under "Settings" - "All settings" - "Accounting" - "VAT basic settings" you could enter your new net tax rate for the 2018 tax period.
Due to a technical error, the VAT form for the 2nd semester of 2017 and the 1st semester of 2018 unfortunately displays the wrong net tax rates in the VAT journal. This is detailed as follows:
- 2nd semester 2017: Instead of the new rate, the old 2017 net tax rate is displayed for the 2018 service period (sections 322 and 332)
- 1st semester 2018: Instead of the old rate, the new 2018 net tax rate is displayed in the 2017 service period (numbers 321 and 331)
As a result, the tax amount for each semester is not calculated correctly for services from different periods.
Next steps: We are planning a software patch within the correction possibility time frame of past accounting periods (finalization, Art. 72 para. 1 MWSTG - VAT Act) and recommend that you do not finalize the periods until then. After the patch has been implemented, the correct values will be automatically displayed on the VAT form.
If you have not finalized any of the above periods, you do not need to do anything.
We apologize for this inconvenience and thank you for your understanding.