30,997
edits
VAT setup, calculation and rounding rules: Difference between revisions
Jump to navigation
Jump to search
VAT setup, calculation and rounding rules (view source)
Revision as of 16:10, 20 December 2014
, 11 years ago→For Canada
| Line 68: | Line 68: | ||
== For Canada == | == For Canada == | ||
Lexical: | |||
* GST = Goods and Services Tax (TPS = Taxe sur les Produit et Services for Quebec) | * GST = Goods and Services Tax (TPS = Taxe sur les Produit et Services for Quebec) | ||
* PST = Provincial sales taxes (TVQ = Taxe de Vente Québecoise for Quebec = QST = Quebec Sale Tax) | * PST = Provincial sales taxes (TVQ = Taxe de Vente Québecoise for Quebec = QST = Quebec Sale Tax) | ||
| Line 74: | Line 74: | ||
'''Setup''' | '''Setup''' | ||
The GST is applied automatically on each lines (when added or edited) | The GST is applied automatically on each lines (when added or edited). | ||
Value of | Value of rate for second tax PST is automatically extracted by system from the dictionary table of VAt rates, for the GST vat rate line used and your country ([[Table llx_c_tva]]). | ||
Setup | Setup instruction for user: | ||
* | * Go into Home - Setup - Dictionary - VAT and sale tax, into column "Rate" enter a GST vat rate with value 5, into column "Tax 2" (PST) enter a VAT rate 9.975, then setup type of tax 2 to "1" (Type "1" means tax is added for product and services, and calculated on net price, so does not include GST vat for calculation). Change values according to your province rates. | ||
'''Example''' | '''Example of calculation''' | ||
{|class="wikitable centre" width="80%" | {|class="wikitable centre" width="80%" | ||