Automate VAT on Sales
We are using Projects Module and We need to Automate VAT on Sales based on the below:
11% on sales or 0%
"Contract Item/sub-task is Subject to VAT? (Y/N)
N.B. :Not all Non- resident clients are exempted from VAT on sales
N.B. : We need to allocate VAT on sub-task level not contract level"
"We issue an invoice to the client with:
Task 1 - is subject to VAT - Amount is $120 - TAX APPLICABLE
Task 2 - is not subject to VAT - Amount is $100 - TAX NOT APPLICABLE
Invoice will be ((120x1.11) + 100) = $233.2"