How To Fix FIBE_VAT005 - Difference btw. box 55 and ((box 84 + 86 + 88) * 21%) greater than Ç62

SAP Error Message - Details

• Message type: E = Error

• Message class: FIBE_VAT - Belgium VAT Declaration

• Message number: 005

• Message text: Difference btw. box 55 and ((box 84 + 86 + 88) * 21%) greater than Ç62

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIBE_VAT005 - Difference btw. box 55 and ((box 84 + 86 + 88) * 21%) greater than Ç62 ?

  The SAP error message FIBE_VAT005 indicates a discrepancy in VAT reporting, specifically related to the values in the VAT return boxes. This error typically arises when the calculated VAT amount does not match the expected amount based on the values in the specified boxes.
  Cause:
  The error message states that there is a difference between the value in box 55 and the calculated VAT from the sum of boxes 84, 86, and 88 multiplied by the VAT rate (in this case, 21%). The specific condition is that this difference exceeds a threshold (Ç62). 
  
  Box 55: This usually represents the total VAT amount that should be reported.
  Boxes 84, 86, and 88: These boxes typically contain values related to sales or purchases that are subject to VAT.
  Calculation: The system calculates the expected VAT amount as:
  [
  \text{Expected VAT} = (\text{Box 84} + \text{Box 86} + \text{Box 88}) \times 21\%
  ]
  Threshold: The error indicates that the difference between Box 55 and the calculated VAT exceeds the specified threshold (Ç62).
  
  Solution:
  To resolve this error, you can follow these steps:
  
  Verify Values: Check the values in boxes 55, 84, 86, and 88 to ensure they are correctly entered and reflect the actual transactions.
  Recalculate VAT: Manually calculate the expected VAT based on the values in boxes 84, 86, and 88 to confirm the system's calculation.
  Adjust Entries: If there are discrepancies, adjust the entries in the relevant boxes to ensure that the calculated VAT aligns with the value in box 55.
  Check Configuration: Ensure that the VAT rates and configurations in your SAP system are set up correctly. This includes checking the VAT codes and their corresponding rates.
  Consult Documentation: Refer to SAP documentation or your organization's financial guidelines for specific instructions on VAT reporting and error handling.
  Test Changes: After making adjustments, re-run the VAT report to see if the error persists.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  VAT Regulations: Familiarize yourself with local VAT regulations to ensure compliance in reporting.
  User Roles: Ensure that users responsible for entering VAT-related data have the necessary training and access to avoid data entry errors.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial expert familiar with VAT reporting in your region.