VAT is applied for the bank money order transactions in the relevant countries. VAT information is recorded and tracked in the following columns located in the bank money order slip lines.
- VAT(I/E)
- VAT (%)
- Net Amount
- VAT Amount
These fields are located in the bank slips of money order type provided that the application runs according to the Russian, Azerbaijan and Ukrainian legislation.
VAT (I/E): This field is used to specify whether the VAT is included or excluded.
VAT (%): It is the VAT rate applied to the transaction.
Net Amount: It refers to the VAT excluded line transaction amount.
VAT Amount: It refers to the VAT amount calculated over the VAT rate and transaction amount.
Slip total, Net and Total VAT rates can be tracked in the relevant total fields located at the bottom section of the slip.