General ledger> Setup> Set up standard values for selected quarantine orders> Sales tax codes> Values

Use this form to specify a sales tax code value or percentage for the sales tax calculation of a selected sales tax code. You specify different sales tax code values for different amount intervals and periods.

You may need to set up different sales tax code values for specific amount intervals in the calculation base (total amount to be taxed) because of the requirements of the sales tax authority. The upper and lower limits of the sales tax code values are used in the sales tax calculation in two different ways, depending on your selection in the Method of calculationfield in the Sales tax codes form. For more information, see Selecting Whole amount or Interval in the Method of calculation field.

You can set up sales tax code values for future periods well in advance of the date on which the values apply.

Changes in sales tax code values do not change the value of sales taxes that are already posted.

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab	Description
Overview tab	View the sales tax code values that apply to the selected sales tax code.
General tab	View the overview information for the selected sales tax code value .

Fields

Field

Description

From date

The first date of the period that the sales tax code value applies to.

To date

The last date of the period that the sales tax value applies to.

Minimum limit

The lower amount limit of the calculation base that the selected sales tax code value applies to.

For most tax code intervals:

The first interval has a minimum limit of 0.
The last interval has an upper limit of 0 (infinity).
There are no gaps in the defined intervals; all amounts are included.

Note
The interval defined by the limit fields is used differently in the sales tax calculation according to your selection in the Method of calculationfield in the Sales tax codes form. For more information, see Selecting Whole amount or Interval in the Method of calculation field.

Upper limit

The upper amount limit of the calculation base that the selected sales tax code value applies to.

For most tax code intervals:

The first interval has a minimum limit of 0.
The last interval has an upper limit of 0 (infinity).
There are no gaps in the defined intervals; all amounts are included.

Note
The interval defined by the limit fields is used differently in the sales tax calculation according to your selection in the Method of calculationfield in the Sales tax codes form. For more information, see Selecting Whole amount or Interval in the Method of calculation field.

Value

The tax percentage or the amount per unit of the sales tax value code:

Enter a tax percentage as a number, such as 25.00 for 25%.
Enter an amount per unit if the value in the Originfield in the Sales tax codesform is Amount per unit. Purchase duties or packaging duties are often set up this way.

Pct. exempt from sales tax

The percentage of the tax amount that is exempt from taxes.

The base amount for which sales taxes are calculated is multiplied by this percentage. The result is excluded from the tax payable calculation and is posted as an expense in the profit and loss accounts, along with the base amount.

Note
This field is used only for taxes that allow deductions of vendor (outgoing) sales tax in the tax payable calculation. The field is not available if you selected the Apply U.S. sales tax and use tax rulescheck box on the Sales taxtab of the General ledger parametersform.

For more information, see Pct. exempt from sales tax.

Sales tax code

The sales tax code that the rate applies to.

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