VAT Return

VAT Return Solution

Advantages of Foriba VAT Return

Foriba VAT Return has been developed in compliance with SAP standards. Via this solution, you can create VAT return reports requested by the Revenue Administration periodically in a specific format. It is also possible to calculate and share your VAT Return amount in a single click.

Advantages of Foriba VAT Return
Generate Your Reports in the Format Requested by the Revenue Administration

Data on sales invoice lists, VAT to be reduced and VAT to be paid are requested by the Revenue Administration periodically. With Foriba VAT Return, you can automatically create this documentation in SAP and report it to Revenue the Administration in the correct format.

Calculate with the Method You Prefer

Sales and purchase invoices are paired via Lot, FIFO or PYP methods, for the calculation of VAT return amount.

Save Time

Create your reports and calculations with a single click and minimize your time spent for VAT Return.

Reduce Costs

You will no longer need external support to create VAT Return reports.

What Does Foriba Foreign Trade Offer?

Generates VAT Return Reports (Sales invoice lists, VAT to be reduced and VAT to be paid)

Sales and purchase invoices are paired by FIFO, Lots or PYP methods.

During the preparation of VAT Return reports, depreciation unit is considered.

Expenses are also considered while VAT Return reports are generated.

Saves time with automatization.

All reports and calculations are managed within SAP.

Reports are generated automatically in the excel format requested by Revenue Administration.

It is possible to perform tracking of export declaration, inward processing authorization certificate, incentive numbers, discharge date, certificate of clearance outward date and number.