On 12 June 2014 13:57, Rafael Copquin <[email protected]> wrote: > FWIW in Argentina VAT is 21% > > We simply calculate VAT as: net * 0.21 = VAT > Gross = net + VAT > or Gross = net * 1.21
Yes, exactly what I do. So to remove VAT from Gross you can do: e.g. 55 * 1.21 = 66.55 66.55 - 55 = 11.55 or: 66.55 * 21 / 121 = 11.55 I have no problem with either method, but I am being instructed by the tax authorities to use a fixed value instead of "21 / 121". This causes rounding errors. > It gets a little bit more complicated because there are different categories > of VAT tax payers: It's not uncommon. -- Paul _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://mail.leafe.com/mailman/listinfo/profox OT-free version of this list: http://mail.leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/cadwx0+l3q-drxkubf4ccygtja8jyercrfkko7g1n9gkncmx...@mail.gmail.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
