1 Topic by nucreativa (edited by nucreativa 04/06/2010 02:48:41 am)

  • From: Indonesia, Jakarta
  • Registered: 02/08/2010
  • Posts: 17

Topic: Multiple type tax in 1 invoice

dear joe/janush,

how do I create an invoice in which there are 2 different taxes. the first one is include. and the last is exclude.

in my country, GST is set at 10% exclude and Income Tax is set at 2 % include. Plz help me smile

Sales                          98.000 
Income Tax                  2.000
                               ----------- +
                                100.000  <== price of the product
GST                            10.000
                               ----------- +
                                110.000  <== total invoice

Ary Wibowo
  • joe
  • Administrator
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  • Registered: 03/15/2007
  • Posts: 5,089

Re: Multiple type tax in 1 invoice

If Income Tax is a sales tax you should set your price to 98.00 and the Income tax (2%) rate to 2.04.
The GST (10%) to 10.

/Joe

  • From: Indonesia, Jakarta
  • Registered: 02/08/2010
  • Posts: 17

Re: Multiple type tax in 1 invoice

sorry joe, there is a mistake if you set GST at 10%. because 10% x 98.00 = 9.8 (it should be 10 right and not 9.8)

Ary Wibowo
  • joe
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  • Registered: 03/15/2007
  • Posts: 5,089

Re: Multiple type tax in 1 invoice

Sorry, set the GST (10%) to rate 12.24
The tax system in FA is not built for tax on tax. Isn't it difficult to pick up the tax reports this way?

/Joe