2
Wish there is a master tax calculation to include all accruing calculation taxes (e.g. supported or also referenced as receivable tax, tax to be supported or also referenced as liability tax, profit tax sharing, and withholding taxes).

Not featuring option to easily include multiple taxes from one tax accrual calculation, user might potentially process a tax type at a time. (e.g. Mexico localization)

Example of tax accrual for period calculation:
Tax to be supported or liability: -100
Profit tax sharing liability:-30
Withholding dividends liability: -10
Withholding freight liability: -20
Withholding tax professional individual: -12
Supported tax: 80
Credit tax balance previous period: 3
Indexed and penalty tax due to delay: -2
Tax accrual balance for period: 91 liability balance to authority vendor.

Supported tax: Example europe VAT tax calculation
Tax to be supported: Example VAT tax payable
Withholding tax: Example Spain withholding tax
Profit sharing: Example Colombia ISR impuesto sobre la renta or Mexico Impuesto sobre la renta.
Category: Tax
STATUS DETAILS
New

Comments

F

REMARK: Mexico now features conditional tax. functionality already available.

Category: Tax

F

REMARK: Multiple tax type calculation inclusion is featured in Mexico, Colombia and other south american countries...

Category: Tax