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https://issues.apache.org/jira/browse/OFBIZ-7012?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Paul Foxworthy updated OFBIZ-7012:
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Labels: VAT tax (was: )
> VAT tax are not recorded as separate line items in Invoice for products with
> VAT tax included in their price
> ------------------------------------------------------------------------------------------------------------
>
> Key: OFBIZ-7012
> URL: https://issues.apache.org/jira/browse/OFBIZ-7012
> Project: OFBiz
> Issue Type: New Feature
> Components: accounting, order
> Reporter: Divesh Dutta
> Assignee: Divesh Dutta
> Labels: VAT, tax
> Attachments: OFBIZ-7012.patch
>
>
> In countries like UK VAT system works. So in VAT system, VAT taxes are
> included in product's price. So OFBiz have support of VAT tax where you can
> include VAT in product's price itself. Here is the example data we create to
> enable VAT calculations:
> {code}
> <Party partyId="GB_TA" partyTypeId="PARTY_GROUP" statusId="PARTY_ENABLED"/>
>
> <PartyGroup partyId="GB_TA" groupName="Great Britain Tax Authority"/>
>
> <PartyRole partyId="GB_TA" roleTypeId="TAX_AUTHORITY"/>
>
> <TaxAuthority taxIdFormatPattern="\d{2}\-\d{7}|\d{3}\-\d{2}\-\d{4}"
> taxAuthGeoId="GBR" taxAuthPartyId="GB_TA"/>
>
> <TaxAuthorityRateProduct taxAuthorityRateSeqId="6002" description="Standard
> E-Commerce Great Britain Tax Rate" fromDate="2016-01-01 00:00:00.0"
> productStoreId="9000" taxAuthGeoId="GBR" taxAuthPartyId="GB_TA"
> taxAuthorityRateTypeId="VAT_TAX" taxPercentage="20.00" />
> <ProductPrice currencyUomId="GBP" fromDate="2012-07-03
> 00:00:00.0"price="139.000" productId="GZ-2644"
> productPricePurposeId="PURCHASE" productPriceTypeId="DEFAULT_PRICE"
> productStoreGroupId="_NA_" taxAuthGeoId="GBR" taxAuthPartyId="GB_TA"
> taxInPrice="Y" />
> {code}
> When invoices are created, tax amount included in product's price is not
> separated in new invoice line item. And when general ledger postings are
> done, then tax amount is not posted in Liability account. So due to this
> organizations have no way to figure out how much tax is to be paid to tax
> authority.
> Ideally, product's actual price (without VAT) should be recorded in revenue
> account and tax should be recorded in liability account.
> For doing this, when invoice is created, VAT amount should be separated and
> created as new line item.
> Recently we have worked for one of our client where we have fixed this issue
> and enabled invoicing in OFBiz to record vat tax amount as separate line
> items. [~lektran] has actively worked with us to finalize the solution design
> and completing the implementation. [~ankush.upadhyay] is the developer who
> worked on solution design. [~ankush.upadhyay] please provide the patch for
> this issue.
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