<?xml version="1.0" encoding="utf-8"?>
<feed xmlns="http://www.w3.org/2005/Atom">
	<title type="html"><![CDATA[FrontAccounting forum — How to handle this problem with tax-es?]]></title>
	<link rel="self" href="https://frontaccounting.com/punbb/extern.php?action=feed&amp;tid=5767&amp;type=atom" />
	<updated>2015-06-06T01:55:27Z</updated>
	<generator>PunBB</generator>
	<id>https://frontaccounting.com/punbb/viewtopic.php?id=5767</id>
		<entry>
			<title type="html"><![CDATA[Re: How to handle this problem with tax-es?]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=23642#p23642" />
			<content type="html"><![CDATA[<p>Are you offsetting inward taxes with outward taxes like in VAT where only the difference is payable?<br />The taxes in FA are only for sales.<br />The purchase taxes need to be handled as part of total cost (debit COGS) and credit supplier.</p>]]></content>
			<author>
				<name><![CDATA[apmuthu]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=364</uri>
			</author>
			<updated>2015-06-06T01:55:27Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=23642#p23642</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[How to handle this problem with tax-es?]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=23632#p23632" />
			<content type="html"><![CDATA[<p>How to handle this problem with tax-es?</p><p>This is something tax over taxes.</p><p>If there is an ITEM and the price before taxes for it is 2000 when I buy it from outside of my country (IMPORT in my state) then there are three tax-es like:<br />1. Value of excise (this will add some value to the base price like plus 1000euro, new price = 3000)<br />2. Customs Tax 10% (3000*0.10=300, then new price = 3300)<br />3. Tax 16% (3300*0.16 = 528, then the new price = 3828)</p><p>When I sell that same product I need only the last Tax 16% after my margin of profit p.s 20%<br />Then my price before tax = 3960 (becasue 3300 * 1.20)<br />The Price after tax16% = 4593.60 (because 3960 * 1.16)</p><p>Look the screenshot:<br /><a href="http://s571.photobucket.com/user/aRTx/media/TaxOverTax2.jpg.html">[img]http://i571.photobucket.com/albums/ss158/aRTx/TaxOverTax2.jpg[/img]</a></p><p>As you can see I&#039;m using three tax-es to buy and only one tax to sell!<br />How to handle it?<br />I try to read WIKI Tax System but I don&#039;t know how to do it.</p>]]></content>
			<author>
				<name><![CDATA[aRTx]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=19752</uri>
			</author>
			<updated>2015-06-03T07:14:44Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=23632#p23632</id>
		</entry>
</feed>
