As part of the continuous expansion and diversification of the international functionalities of the Mago4 ERP, one of the current focal points for the EU area is the management of tax returns in Germany.
For this reason, the Financial Accounting Area of Mago4 is further enriched, immediately after the publication of the VAT Settlement Model in release 2.4.4: with the 2.4.5 release, it will also be available the ZM Declaration (Zusammenfassende Meldung Form, or Form for the Summary Declaration) concerning intra-Community sales.
Through a batch procedure, called ZM Declaration, it will be possible to process the declaration itself, to be sent to the Tax authorities, on a file in CSV format; the folder where the file is exported can be indicated in the Accounting Parameters, Declarations tab.
It is important to note that the ZM Declaration can have a monthly (by default), quarterly or annual periodicity.
In the ZM Declaration, Customer VAT number and type of transactions groups intra-Community sales: normal (sales of goods), services and triangulations, where triangulations are sales of goods involving three distinct subjects: seller, promoter and recipient. In the latter case, therefore, the goods travel from the seller to the recipient but the promoter (who generally processes such goods) is the one who invoices the sale to the recipient.
Data generate directly from the sales documents, where the amounts are distinguished between goods and services according to the line type, and a specific option identifies the documents relating to the triangulations.
The procedure also allows a paper print with the cover page and two reports, one to list sales of goods and triangulations to EU customers, the other to list sales of services to EU customers. In each of the two reports, you can check the individual documents that have merged into the Declaration by simply clicking on the amounts.
This further step forward in German localization is part of the Service Pack 5 of Mago4 2.4, the continuously updated Zucchetti ERP, which is natively oriented to the global market.
Please refer to the release notes to learn more and be always updated on this and other product features.