Clarification on VAT calculation on advance payments recorded as a receipt voucher without an invoice.
Answer:
No, VAT is not calculated on the advance payment when it is recorded as a receipt voucher without an invoice.
For non-governmental entities, VAT is calculated when creating a sales invoice and not based on payments. Therefore, when creating a receipt voucher as an advance payment from the customer, the tax calculation will not be affected.
Tax will be calculated later when the sales invoice is issued, approved, and confirmed.
Summary:
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Receipt voucher (advance payment without invoice) = without tax
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Approved sales invoice = tax is calculated upon issuance or accrual according to the tax supply settings in the entity configuration
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When allocating the voucher to the invoice, the advance payment amount is deducted from the invoice total
