----- Original Message -----
From: "Rafael Copquin" <[email protected]>
To: <[email protected]>
Sent: Thursday, June 12, 2014 2:57 PM
Subject: Re: VAT Rates
FWIW in Argentina VAT is 21%
We simply calculate VAT as: net * 0.21 = VAT
Gross = net + VAT
'OR" Gross = net * 1.21
No, your OR clause is false, because of roundings.
When you calculate a bill, you must think
as a fiscalist and not like a mathematician.
You have a net value, 2 decimals provided, then
you calculate the taxes round(rate*net,2),
and then you add the net and the taxes to get the gross.
And the result can be different from round(net*(1+rate),2).
The true gross is always an addition (net+taxes), and
never a multiplication basis, this avoiding rounding deltas.
It gets a little bit more complicated because there are different categories of
VAT tax payers:
Then you sum the amount grouped by each tax rate, apply it,
and then sum the net and the previous different calculated taxes.
Tha't the only true way, whatever the country.
Gérard.
_______________________________________________
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/5C538C6027D941DABD50466208B97D12@MuriellePC
** 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.
