VAT setup, calculation and rounding rules: Difference between revisions

VAT setup, calculation and rounding rules (view source)

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 ||1||nowrap="nowrap"|Product alpha||10||10||5%||9.975%||100||5||9.98||114.98
+|}
+== For Congo ==
+In Congo, alias Republic of Congo or Congo-Brazzaville, there is another tax of 5% on the amount of VAT.
+'''Setup'''
+Example of user setup: Go into Home - Setup - Dictionary - VAT and sale tax, into column "Rate" enter a vat rate with value 18, into column "Tax 2" enter a VAT rate 0.9 with '''type "1"'''
+(Type "1" means the tax 2 is calculated for product and services on the price without the VAT). Because 5% on the amount of VAT is same than 0.9% on the price without tax when the tax is 18%.
+'''Example of calculation'''
+{|class="wikitable centre" width="80%"
+|- valign="top"
+||&nbsp;||A<br>Description||B<br>Quantity||C<br>Unit price||D1<br>Vat rate||D2<br>Tax 2 rate||E<br>Total without tax<br>=(B*C)||F<br>Tax<br>=(B*C*D1)=(D1*E)||nowrap="nowrap"|G<br>Tax 2 (B*C*D2)=(D2*E)||nowrap="nowrap"|H<br>Price inc both tax=(E+F+G)
+|-
+||1||nowrap="nowrap"|Product alpha||10||10||18%||0.9%||100||18||118||118.9
 |}