Automate VAT on Assets
We created a tax for tax rate 11%. This one will be applicable for asset accounts only in Payables Module.
Supplier Registered in VAT? (Y/N)
item subject to VAT
11% on Assets
"We bought a chair from 2 suppliers where cost of chair = 100$
Supplier 1 (reg. in VAT): Cost of Chair x 11% = $111 -> TAX = 11$
Supplier 2 (No VAT): Cost of Chair = $100"
What is the correct way to create the rules to automate the taxation process?