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What is the significance of the VAT or taxes adjustment for the fifth quarter in the Quarterly Cashflow Statements (Q_CF)?

April 26, 2017adjustment cashflow Fifth quarter quarterly significance statements taxes VAT

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What is the significance of the VAT or taxes adjustment for the fifth quarter in the Quarterly Cashflow Statements (Q_CF)?

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This adjustment refers to VAT, GST or other input/output taxes. It is related to the transition from monthly cashflow projections for the first year to quarterly projections for the second and subsequent years. In the first year, a user specifies the payment frequency whereas this interval is fixed by design at quarterly for the second and subsequent years. No adjustment is made if first-year payments are made in the first, fourth, seventh and tenth months.