Overview tab

Create sales tax codes and select the settlement period, ledger posting group, and origin.

General tab

View the Overviewtab information for the selected sales tax code. In addition, set up options for a sort code for packing duties and indicate if the sales tax code is a purchase duty, how the sales tax code is printed on an invoice, whether a negative sales tax is allowed, and which ledger account to use for conditional sales taxes.

Calculation

Select calculation parameters for the selected sales tax code.

Report setup

Set up sale and purchase reporting codes for sales tax reports.

Report setup - credit note

Set up credit note reporting codes for sales tax reports.

Values

Specify a sales tax value or percentage for the sales tax calculation.

You can specify different sales tax values for different amount intervals and periods.

Limits

For a specific date interval, specify the minimum and maximum sales tax for the selected sales tax code.

Inquiries

View various groups or transactions that include the sales tax code:

• Included in item sales tax groups– Item sales tax groups in which the sales tax code is used.

• Included in sales tax groups– Sales tax groups in which the sales tax code is used.

• Posted sales tax– Sales tax transactions for the sales tax code.

Print

Select a printout:

• Sales tax codes– Print the details for one or more sales tax codes.

• Sales tax reporting codes– Print the reporting codes for one or more sales tax codes.

Sales invoice printout

Enter descriptive text that explains the tax code. This text is printed on sales invoices and project invoices. The text is saved in the language that you select and is printed on invoices that match the selected language.

Note
(FIN) This button is available only if the configuration key for Finland is selected.

Sales tax code

The unique identifier of the sales tax code that is easily identifiable. The sales tax code identifies a tax that is connected with a sale, such as a sales tax, fee, duty, purchase duty, or packing duty.

Name

The descriptive name for the selected sales tax code. The name appears on reports and forms along with the sales tax code.

Sales tax jurisdiction code

The sales tax jurisdiction code that the sales tax code is assigned to, if any. This field is available if the company is configured for the use of sales tax jurisdictions. Sales tax jurisdictions can be used for sales tax calculation and reporting in the United States.

Settlement period

The interval in which the selected sales tax, represented by the sales tax code, is calculated and paid. The settlement period includes the terms of payment and the tax authority.

Create the intervals in the Sales tax settlement periods form.

Ledger posting group

The ledger posting group for the selected sales tax code.

The value in this field defines the general ledger accounts to which sales tax amounts for the sales tax code are automatically posted.

Create ledger posting groups in the Ledger posting groups form.

Origin

The method of calculation of the selected sales tax code. This calculation method is applied to the tax base amount.

For more information, see Selecting the overall sales tax calculation method in the Origin field.

Percentage/Amount

The percentage/amount that is specified for the selected tax code in the Values form.

Currency

The currency in which the sales tax is calculated.

If the original transaction is in another currency, the tax is converted automatically.

Sort code

The sorting code that identifies the packing duty.

Purchase duty

Select this check box if the sales tax code is a purchase duty and is included in the purchase duty calculation.

Print

Select the type of information to print with the tax specification on invoice documents.

Print code

Enter a code that identifies the sales tax code on printed invoices.

The sales tax code identifier is an alphanumeric string that can include special characters.

Negative sales tax percentage

Select this check box to allow a negative tax percentage for the sales tax code.

This feature (mainly for Spain) is used when a company must retain the IRPF (Impuesto sobre la Renta de las Personas Físicas—personal income) tax amount for small vendors, and pay this amount to the sales tax authorities.

Payment sales tax code

Select the sales tax code to which conditional sales taxes are posted when invoices are settled with payments. This field is only used if you have set up the selected sales tax code for conditional sales taxes.

Note
For the transfer to occur, set up the general ledger to allow the posting of conditional sales taxes: In the General ledger parametersform, select the Conditional sales taxcheck box.

Unrealized tax

Select this check box to indicate that the selected sales tax code is to be used for unrealized VAT.

Note
This field is available only if the Sales taxand Unrealized sales taxconfiguration keys are selected.

Marginal base

Select the type of amount that is used in the sales tax code calculation. This field and the value that is selected in the Method of calculationfield determine how the overall sale tax calculation is applied to the sales tax base.

Note
The method of calculation of the sales tax code is defined in the Originfield.

For more information, see Selecting the method to calculate sales tax on invoices in the Marginal base field.

Method of calculation

Select the method of calculation for the selected sales tax code:

• Whole amount– One sales tax rate or amount applies to the calculation base (taxable amount).

• Interval– Various sales tax rates or amounts apply to different parts of the calculation base (taxable amount).

Note
Intervalcan be selected only if you have selected Linein the Method of calculationfield on the Sales taxtab in the General ledger parametersform.

For more information, see Selecting Whole amount or Interval in the Method of calculation field.

Sales tax on sales tax

Select the sales tax code to use if the value of the Originfield is Percentage of gross amountor Percentage of sales tax.

For more information, see Set up a sales tax on a sales tax.

Unit

Select the unit to use if sales tax calculation is based on a fixed amount per unit or if the marginal base is per unit.

For more information, see About the Unit field on the Sales tax codes form.

Round-off

Enter the lowest unit for which sales taxes are calculated for the selected sales tax code.

If taxes should be rounded off to a unit that is 1/100 of the currency of the tax, enter the value as a decimal, such as 0.01.

The round-off does not have to be less than 1.

Rounding form

Select how calculated taxes are rounded off.

For more information, see About the Rounding form field on the Sales tax codes form.

Packing duty

Select this check box to specify that the sales tax code is a packing duty.

Calculate before sales tax

Select this check box to calculate and add a duty or tax to the net amount before calculating sales tax.

For example, calculate a duty and a sales tax on the same transaction, and add the duty amount to the net amount before the sales tax is calculated.

Example

In the Originfield, Percentage of net amountis selected.

The net amount is $100.

The purchase duty is $10.

The sales tax is 25%.

The Calculate before sales taxcheck box is selected.

The sales tax is calculated as (100 + 10) x 25% = 27.50 USD.

The total amount is 127.50 USD.

For more information, see Set up a sales tax on a sales tax.

Taxable sales

Select the number of the field in the sales tax report that contains taxable sales. Each sales tax report contains numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Tax-free sale

Select the number of the field in the sales tax report that contains tax-free sales. Use this when a sales tax code is associated with a sales tax code for which sales tax should not be calculated. Each sales tax report contains numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Sales tax payable

Select the number of the field in the sales tax report that contains sales tax payable. Each sales tax report contains numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Taxable purchases

Select the number of the field in the sales tax report that contains taxable purchases. There is a series of forms with numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Tax-free purchase

Select the number of the field in the sales tax report that contains tax-free purchases. This is for cases where a sales tax code is associated with a sales tax group for which sales tax should not be calculated. There is a series of forms with numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Sales tax receivable

Select the number of the field in the sales tax report that contains sales tax receivable. There is a series of forms with numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Taxable import

Enter the number of the field in the sales tax report that contains taxable import. There is a series of forms with numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Offset taxable import

Select the number of the field in the sales tax report that contains offset taxable import. There is a series of forms with numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Offset use tax

Select the number of the field in the sales tax report that contains use tax. There is a series of forms with numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Offset use tax

Select the number of the field in the sales tax report that contains the transaction that offsets the use tax. There is a series of forms with numbered cells for reporting to various authorities. The sales tax code is included in these reports in the cell indicated in this field.

Country/region type

Select the country/region type that controls item receipts and statistics.

Zero percent investment tax

Specify whether the sales tax code is an investment tax code with zero percent tax.

Note
(NOR) This field is available only if the configuration key for Norway is selected.

Out of area

Select this check box to report the sales as sales out of the area. Tax codes that are created as Out of areahave a sales tax value of zero. The tax code is connected to the various item tax groups, and a special sales tax group that contains this sales tax code must be created for customers that are out of area.

Note
(NOR) This field is available only if the configuration key for Norway is selected.

Not included

Select this check box to exclude the selected sales tax code from the EU sales list.

Report layout

Select the layout of the report about sales tax codes.

Tax code Type

Enter the type of the sales tax code for journal reports.

Note
(BEL) This field is available only if the configuration key for Belgium is selected.

Requires tax border number

Select this check box if the code requires a tax border number.

Note
(FIN) This field is available only if the configuration key for Finland is selected.

Domestic customs practice

Select this check box if the code requires domestic customs.

Note
(FIN) This field is available only if the configuration key for Finland is selected.

Taxable sales credit note

The field number used to report taxable sales credit notes.

Tax exempt sales credit note

The field number used to report tax exempt sales credit notes.

Sales tax on sales credit note

The field number used to report sales tax on sales credit notes.

Taxable purchase credit note

The field number used to report taxable purchase credit notes.

Tax exempt purchase credit note

The field number used to report tax exempt purchase credit notes.

Sales tax on purchase credit note

The field number used to report sales tax on purchase credit notes.

Taxable import credit note

The field number used to report taxable import credit notes.

Offset taxable import credit note

The field number used to report offset taxable import credit notes.

Sales tax on import credit note

The field number used to report sales tax on import credit notes.

Offset sales tax on import credit note

The field number used to report offset sales tax on import credit notes.

Report layout

The report layout for reports about sales tax codes on credit notes.