Goods and Services Tax

You can set Tax Regimes for each currency you work with. The Base Regime is set when the Company is created, and cannot be changed.

Use a Tax Return Form to report data from CB, AR, AP and GST up to a GST Return date. For NZ GST Returns, you can file the return electronically using the IRD's electronic GST Gateway.

Accept the GST Return Form to move to the next GST Date. The date is the end date of the return, based on the number of tax return months for the regime. You cannot edit transactions that affect GST in previous periods.

Tax Regime settings are available from Navigator > Setup > Goods and Services Tax > Tax Regimes.

GST adjustment transactions that do not form part of the normal financial transactions are available from:

• Navigator > Tasks > Goods and Services Tax > Enter Transactions, and
• Navigator > Maintain > Goods and Services Tax > Transaction List.