Enter Tax Code Data
Explanation
This activity is to be used only in companies using Sales Tax or Mixed as its tax regime.
Sales and use tax information can be specified for site delivery addresses
within companies to be used as defaults when entering purchase order lines for
that delivery address. Using values defined in
Tax Codes, you can
specify the particular taxes and percentages, to be calculated for purchase
orders received at the specified delivery address. You can also enter tax exempt
information for sites that qualify for tax exempt status.
Use this activity to enter valid default tax rates for
supplier companies.
Prerequisites
- The site's company must be not use Value Added Tax. Use tax regime Mixed
or Sales Tax in the Company/Invoice/Tax
Information tab.
- Tax codes must be defined in the
Tax Code
Details window.
System Effects
- As a result of this activity, default sales and use tax rates are
established, which can be used for the delivery receipt address. These default
rates can be used, or can be modified, when electing to calculate taxes based on
the ship-to address of the delivery recipient.
- When you enter a supplier invoice not connected to a purchase order, tax
amounts will automatically be generated and
connected to each entered invoice line.
- The value of the Delivery Address Taxable check
box will be defaulted to the Ship-to Tax check box on the purchase
order.
Window
Company
Related Window Descriptions
Company,
Company/Address/Tax Code,
Company/Address/Tax
Code/Taxes,
Company Address/Tax Code/Tax Exempt Info
Procedure
- Open the
Company window.
- Query for the company ID.
- Select an address ID for your company in the Address ID field.
- Click the
Tax Code tab.
- Select the Delivery Address Taxable check box if the delivery
address is subject to taxes.
- Click the
Taxes tab.
- Enter a tax code in the Tax Code field manually or by using the
List of Values.
- The Description and Percentage fields will automatically fill in, based on
the tax code selected.
- Enter the dates between which the tax code is valid.
- Save the record.
- If you want to enter tax-exempt information for the delivery address, click the
Tax Exempt Info tab.
- Create a new record.
- Enter the tax exemption certificate number.
- In the Certificate Type field, select either Agreement, to indicate tax
exempt status for all purchases, or Single, for tax exemption for purchases
of a specific product.
- Enter the certificate jurisdiction, issue, and expiration dates.
- Save the record.