VAT - (1) how can i establish a rate for the vat input and different rate for vat output? (2) how can i establish variety of rates for vat input? Thank you

Hi there, Demetris. In QuickBooks Online (QBO), both of your concerns can be addressed by adding a custom tax rate in the Tax tab.

To set up VAT rates, go to All apps > Tax > Overview > Setup tax or Add tax. Choose Custom tax and fill in the required details. For VAT output, check the This tax is collected on sales box and enter the appropriate Sales rate. To set up VAT input, repeat the process but select This tax is collected on purchases and enter the Purchase rate accordingly.

Additionally, you can set up multiple VAT input rates by repeating the same steps and assigning a unique Tax name to each rate. This allows you to differentiate between various input taxes as needed. Check this article to learn more about setting up tax rates: How do I set up tax rates and use them on forms? (International QBO).

Once everything is set up, you can select the rate that you wish to apply in the VAT/TAX column on your sales and purchase forms.

Let us know if you have additional questions by hitting the Reply button.