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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.