FrontAccounting forum — Import Tax

Re: Import Tax

null@example.com (mctkgl) — Wed, 01 Oct 2014 17:08:08 +0000

Thank You Joy for your quick reply

Re: Import Tax

null@example.com (joe) — Wed, 01 Oct 2014 16:52:24 +0000

Nomally the Import Tax is refunded to you later. Otherwise you should operate without tax.

The standard cost is always excluded tax.

If you have thee possibility, then talk to a local accountant about how to book this.

Joe

Import Tax

null@example.com (mctkgl) — Wed, 01 Oct 2014 16:34:20 +0000

Hello My English is not that good, everything work proper on FA the only problem i am getting is Import Tax,import duty when i add it to supplier invoice,it doesn't increase the inventory,taxes and duties that may not be recoverable from tax authorities have to increase the cost of the inventory or the product on the invoice,please help if there is ways to do it.

Supplier Invoice

desc QTY price total

Lcd tv 10 100 1000

total 1000
import tax 10% 100
total 1100

Now inventory cost of 1 LCD TV = 110
when i try the cost remains the same it does not increase will appreciate your help

Khalifa Alnaamani