What is a VAT Category? And how to use them

Learn the basics about VAT categories, and the advantages of using them

The VAT category can be created so you can gather all the items and services that have the same VAT Rate within the AskCody Services Portal.

VAT (Value Added Tax) is a tax applied to goods and services, and for some customers, it is necessary to apply VAT on specific categories of items or on every single item to handle the economy of catering and additional services ordered for meetings

The VAT category can be created so you can gather all the items and services that have the same VAT Rate within the AskCody Services Portal, so it makes the economy easier to handle in your separate Economy System. 

Example: It is necessary for a company to handle the beverages and food with two different VAT Rates. Then the company should create two VAT Categories, eg. Beverages, and Food. For each of the two VAT Categories, you add all the items and services that belong to each category, and the item and service will automatically show the correct VAT rate in the CSV file of the settlement.