VAT Percent

The VAT percentage associated with a country and cost category. By default, when a cost record is entered, the system uses the VAT Percent Value to calculate the VAT Cost for a cost transaction. To allow for exceptions and exemptions to the standard VAT amount, you are able to enter overrides to the VAT Percent Value.

The VAT Percent is calculated as VAT / Base Amount to allow for VAT amounts that were calculated using a manually entered override.

Archibus applications use this field only if you have enabled the Archibus Enhanced Global Feature Set.