To do this, you need to press the "Center Cards" button.
All existing tax items are listed. Note: If you have created a tax item in a company by selecting from the central cards, when you click the "Central Cards" button again in the same company, the tax item you created will not be shown among the tax items to be sent.
After selecting a tax item by pressing the relevant "Send" button, the "Central Registration ID" that ensures unity in business records and the necessary information about the tax item will be transferred to the main card.
Tax Types
You can create tax types for the following tax types:
VAT - Value Added Tax
PCT - Special Consumption Tax
WHT - Withholding Tax
OIV - Special Communications Tax
ZOT - Other
Value Added Tax
To determine the tax rate, you can type a percentage rate in the "VAT Rate" field.
Special Consumption Tax
First, you must select one of the "Application Types" listed below.
A - Rate: After selecting this type, you can type a percentage rate in the "PCT Rate" field to determine the tax rate.
C - Amount: After selecting this type, you can type an amount in the "Tax Amount" field to determine the tax amount.
Finally, you can specify the effect of the tax on the VAT base by checking or unchecking the " Effect on VAT Base checkbox.
General Ledger (GL) Determination of Accounts for GL Records
You can specify multiple GL Accounts by selecting them in the "Chart of Accounts" window for the following account types in the "GL Accounts" tab of the relevant tax item:
Tax Sales GL Account
Tax Sales Refund GL Account
Tax Purchase GL Account
Tax Purchase Refund GL Account
You must also specify a Business Unit by selecting it from the drop-down box. Note: It is possible to select "All" of business units.
Determining International Product Code Relationships
Under the "International Codes" tab of the relevant tax item, you can specify the relevant products for the following relationship types: