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Documentation > MAC-PAC Reference and Help > Reference File Categories > TAX INFORMATION

Function Select

RF230S01 - Function Select

WILLIAMS                       COMMON FEATURES                         1/29/92

 DSP01                    REFERENCE FILE CATEGORY 230           FUNCTION SELECT

                                                                                

                                                                               

                   Category Name            TAX INFORMATION                    

                                                                               

                                                                               

                                                 TAX CODE(2)                            

                   Category Key         EX                                      

                                                  XX                                     

                                                                               

                                                                               

                   Request Code         2                                      

                                                                               

                                        1 - Add                                

                                        2 - Change                             

                                        3 - Delete                             

                                        4 - Inquire                            

                                                                               

                                                                               

                                                                               

 F2=Command          F3=Exit             F7=End Category     F8=Display List   

 F9=Inquiry                                                                    

                                                                               

 

 

The Tax Information category defines tax codes.  Each unique key entered on this screen is associated with a current tax rate and a future rate.  A future effectivity date, a tax description, a tax type, recoverable percentage (for partially recoverable VAT codes), and a tax description are also identified.

Information from this category will be used by both Accounts Payable and Purchasing.

TAX CODE

Optional. Code used to define tax rates.

Detail

RF230S02 - Detail

 WILLIAMS                       COMMON FEATURES                         1/29/92

 DSP01                    REFERENCE FILE CATEGORY 230                    CHANGE

                                                                                

                   Category Name            TAX INFORMATION                    

                                                                               

                                                 TAX CODE(2)                            

                   Category Key         EX                                     

                                                                               

                                                                                

            CURRENT RATE       FUTURE RATE       FUTURE EFFECTIVITY DATE       

       Data    00000              00000                  010199                

                  DDDDD           DDDDD               MMDDYY                

                                                                               

            TAX CODE           TAX TYPE          RECOVERABLE PERCENTAGE        

       Data    1                  E                      00000                  

                  N                  X                      DDDDD                 

                                                                               

                TAX DESCRIPTION                                                    

       Data VAT EXONERATED 20%                                                 

                TTTTTTTTTTTTTTTTTT                                                 

                                                                               

 F2=Command          F3=Exit             F9=Inquiry          F10=Function Select

 F12=Lower Case      F15=Rekey Data                                            

                                                                               

 

 

CURRENT RATE

Required.  The tax rate that is valid prior to the Future Effectivity Date. The amount of tax due is calculated by multiplying the total order line item amounts for a given tax code by the tax rate that applies at the time.

FUTURE RATE

Required.  The tax rate that is valid from the future effectivity date onwards.

FUTURE EFFECTIVITY DATE

Required.  The date on which the future tax rate will become valid.

TAX CODE

Required.  When defining PST codes, you must enter a value of '1' to distinguish a PST code from a VAT or GST code.  This designation is vital for proper processing in the Accounts Payable module.

TAX TYPE

Optional.  Indicates how order lines with this tax code should be processed.  If this field is blank, normal processing will be used.  If this field is not blank, the code entered must be one of the following value added tax types defined on Reference File category 024 exonerated, suspended, partially recoverable, not recoverable, and postponed.  Surcharge is not a valid type for this field.

NOTE:  Only blank or exonerated tax type is valid for GST processing.

RECOVERABLE PERCENTAGE

Optional.  If the tax type is partially recoverable, this field indicates what percentage of the VAT amount can be claimed against the tax authority.  This field must be blank if the type is not partially recoverable or postponed.

TAX DESCRIPTION

Required.  Will be defaulted onto description of tax transactions.