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If you operate in a jurisdiction where VAT (Value Added Tax) or Sales Tax applies to specific crypto transactions (e.g., recognizing output VAT on mining or staking rewards, or paying VAT on consulting invoices paid in stablecoins), Breezing allows you to apply tax codes directly to the transaction.

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How to Apply a VAT/Tax Code

  1. On your Dashboard, click into the transaction you want to apply tax to.
  2. Scroll down to the VAT field in the transaction details panel.
  3. Enter your specific tax code or percentage (e.g., Output 8.1% VAT or a specific tax code string used by your accounting software).
  4. Click Save.

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How it Syncs to Your Ledger

When you sync this transaction to Xero or QuickBooks (or export it as a CSV Journal), Breezing will automatically pass the VAT code along with the journal entry. This allows you to mix transactions—some with VAT applied and some marked as VAT Exempt—in the same bulk sync, ensuring your accounting software calculates the tax liability correctly on its end!
all right cool now within breezing um if you’re doing maybe more yeah cach basis or you want to kind of uh maybe just record directly in breezing the vat you can totally do that so in breezing there’s actually a field for vat click down here um it’s over here basically so you can say okay maybe this was like I’m just going to use Swiss vat rates just to make it simple this was like output vat output 8.1% vat and I can do a specific code if I wanted to uh but I don’t really have one right now do yo I’ll hit save pretty much and then kind of with that one what I’ll do is I’ll just kind of like find it again so here it is and then kind of when you produce the journal it’ll produce it with the vat code that you just added so this is great pretty much if you have like a a lot of inbound rewards so here it is with the V code output 8.11 so it kind of like separates out the two so it show you the ones maybe that have vat and the ones that don’t so I’ll just kind of show you just a quick difference I’ll just kind of like download the journals group like that you’ll see one transaction has vat and the other one doesn’t so you’ll see kind of like the mix here where vat exempt is some of them and some of them are Vat related so yeah that’s something to kind of keep in mind uh kind of how you can use and apply vat and breezing it’s great if you have like a lot of rewards and you know you want to add like let’s say output vat to all them or maybe you have a specific wallet where you’re collecting output vat and you want to kind of Mark them all like that that totally works as well well but that’s kind of like a vat field for anyone kind of in Europe that has to kind of continue to do that or even sales tax related in the US you can also use that field as well cool