Hi BOb,
Just curious, what is exatly tax-on-tax, is this really existing somewhere?
I remember a colleague speaking about legal issue with this kind of things, at least in Europe (we had a such thing once in France
in nineties and it was a real concern)
Thanks
Jacques
From: "Bob Morley" <[email protected]>
Jacopo Cappellato-4 wrote:
Setting up a vat tax is not very different from setting up a sales tax:
just make sure you select the proper type ("Value Added Tax", VAT_TAX) for
the type in the "product rate" screen:
https://localhost:8443/accounting/control/EditTaxAuthorityRateProducts?taxAuthPartyId=UT_TAXMAN&taxAuthGeoId=UT
A summary by VAT tax will be included in the invoice (as required at least
by EU countries).
Warning: the report with VAT tax balance is not available ootb.
I know handling taxes properly is on my plate and from our research we felt
that Ofbiz would handle VAT but would not handle tax-on-tax? Can you
confirm that? I did not see anything in the entity model for the
TaxAuthorityRateProduct that would allow you to specify "level" of tax or
something to facilitate tax-on-tax.
Also, can you confirm that the VAT implementation is accurate from an
accounting perspective? I remember setting up taxes such that "taxes were
included in product price" but the resulting accounting entries did not
appear correct.
These are both off the top of your head questions, if this is not the case
then I will do the research. :)
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