Tax credit for canada and iexpenses
We are working on iexpenses and one of the requirements for iexpenses in canada (R12)
Ability to automatically recalculate the Rebate input Tax Credit. The three transactions need to be reported separately
o Total Expense
o Total HST
o Total Rebate input Tax credit ( recalculated )
I am aware of the primary and secondary recovery tax rates to map the requirement for canada but unable to confirm how whether this is standard functionality while using iexpenses and ebusiness tax
Could you please confirm the same?
regards
sathya sundar