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Hi Team,
In California Cannabis Taxation, tax is calculated by ounces which is NOT standard Business Central taxation calculation.
In Business central, tax is calculated in % (as on Tax Details, we have Maximum Amount/Qty. for defining %) and according to the California Tax Guide for Cannabis, Tax on cultivation of cannabis is imposed on cultivators at the rate of $ per ounce (i.e. 9.25$ per ounce).
We need to have few fields introduced on the Tax Details i.e. Item UOM (Code10), Flat Amount (Decimal) so if tax is charged per ounces as flat amount, we should be able to do that in standard taxation.
We have already discussed on this issue with MS Support (Ref. Case ID 119062024003870).
In California Cannabis Taxation, tax is calculated by ounces which is NOT standard Business Central taxation calculation.
In Business central, tax is calculated in % (as on Tax Details, we have Maximum Amount/Qty. for defining %) and according to the California Tax Guide for Cannabis, Tax on cultivation of cannabis is imposed on cultivators at the rate of $ per ounce (i.e. 9.25$ per ounce).
We need to have few fields introduced on the Tax Details i.e. Item UOM (Code10), Flat Amount (Decimal) so if tax is charged per ounces as flat amount, we should be able to do that in standard taxation.
We have already discussed on this issue with MS Support (Ref. Case ID 119062024003870).
STATUS DETAILS
Completed
Comments
Agreed. A per item tax (rather than % of sales) option would be useful for taxes such as fuel and disposal charges that are done in various states.
Category: Geographies and Localization
Business Central Team (administrator)