Skip to Content
This question has been flagged
1 Reply
3336 Views
Avatar
Peter Guldberg

In Denmark, when we buy a product from a supplier in another EU country, we get an invoice with 0% VAT on it.

We then have to calculate domestic Danish VAT on it (25%), pay that to the tax authorities, and then reclaim it.

Accounting wise we would do this:



Account
Debit
Credit
130600 Direct costs - EU
€1.000

202100 Payables

€1.000
690600 VAT on EU purchases
€250

690700 Counter-acct to 690600

€250

We can set up a tax in Odoo that gets calculated as 25% not included in the price, and we can link it to account 690600, but is there a way we can set it up so it automatically gets credited to 690700 at the same time?

Avatar
Discard
Avatar
Ermin Trevisan
Best Answer

This is called an intra-community acquisition and is handled by the reverse-charge method. Please check your danish localization module on the tax codes defined and how to handle it. If this is not covered by the danish localization, you will have to define a tax group with 2 child taxes, one for the VAT amount to be paid and one for the regular purchase with VAT deduction.

Avatar
Discard