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VAT ManagementCreating a New VAT Configuration

Creating a New VAT Configuration

Creating a VAT configuration in Portmasters allows you to store country-specific tax rates for use in billing documents.

Step-by-step process

  1. Navigate to the Manage section and click on the VAT tab.
  2. Click the + New Vat button in the top right corner.
  3. The Add New VAT dialog will appear.

Required fields

VAT name

  • Enter a descriptive name for this VAT configuration.
  • Use names that clearly indicate the purpose or region.
  • Examples: VAT, a1, UAE Standard VAT, EU Import VAT, Export Tax.
  • This name helps you identify and select the correct VAT rate when creating documents.

VAT rate

  • Enter the tax rate as a percentage.
  • Input the number without the percentage symbol (the system adds % automatically).
  • Examples: 5, 23, 12, 15, 20.

Country

  • Select the country where this VAT rate applies.
  • Use the dropdown menu to choose from available countries.
  • The country selection ensures the correct VAT rate is applied based on transaction location.
  1. Click the Submit button to save the VAT configuration.

Once saved, the new VAT configuration will appear in the VAT list immediately.

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OverviewManaging Existing VAT Configurations