How can I change my company's VAT settings?

In the "My Company" section, you can modify VAT settings, such as VAT modes and reporting methods.

1. Click on your name.
2. Then, click on "My Company."
3. Navigate to the "VAT & UID" tab.
4. The option "I have a VAT number" must be enabled.
5. Here, you can select the default VAT rate for your sales and purchase invoices.

Once the options are selected, click "Save Changes."
To Modify VAT Modes and Reporting Methods

1. Click on "VAT Settings."
2. Click "Edit" to allow modifications.
3. To add a fiscal period, select "Add New" in the fiscal period selector. (Only next year's fiscal periods can be added.)
4. In this section, you can modify the VAT mode and reporting method, as long as no accounting entries have been created in that fiscal period.
5. If you select Net Tax Liability, you must indicate the corresponding rate.
6. Finalize and save the changes to apply your new VAT configurations.