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		<title><![CDATA[FrontAccounting forum — How to handle this problem with tax-es?]]></title>
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		<description><![CDATA[The most recent posts in How to handle this problem with tax-es?.]]></description>
		<lastBuildDate>Sat, 06 Jun 2015 01:55:27 +0000</lastBuildDate>
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			<title><![CDATA[Re: How to handle this problem with tax-es?]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=23642#p23642</link>
			<description><![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>]]></description>
			<author><![CDATA[null@example.com (apmuthu)]]></author>
			<pubDate>Sat, 06 Jun 2015 01:55:27 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=23642#p23642</guid>
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			<title><![CDATA[How to handle this problem with tax-es?]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=23632#p23632</link>
			<description><![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>]]></description>
			<author><![CDATA[null@example.com (aRTx)]]></author>
			<pubDate>Wed, 03 Jun 2015 07:14:44 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=23632#p23632</guid>
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