Is it possible to Calculate a Tax Line on a Tax Line in AP (not compounding).?
Hi,
I am on eBusiness Suite 12.1.3.
I have been given a use case for processing AP invoices for Electricity in Denmark.
The requirements are quite complex; at first I did not believe them, but I have been assured that my understanding is correct.
The issue is that apparently, in Denmark, there are special taxes on Electricity (we'll call them E-taxes); which may be wholly or partially recoverable.
These E-Taxes must be reported separately on the VAT return.
But also these E-Tax lines are just like regular Item Lines and attract standard Denmark VAT (which happens to be 25%).
So we need a Tax Line calculated on a Tax Line ... as both Lines need to appear in the VAT report.
I am on eBusiness Suite 12.1.3.
I have been given a use case for processing AP invoices for Electricity in Denmark.
The requirements are quite complex; at first I did not believe them, but I have been assured that my understanding is correct.
The issue is that apparently, in Denmark, there are special taxes on Electricity (we'll call them E-taxes); which may be wholly or partially recoverable.
These E-Taxes must be reported separately on the VAT return.
But also these E-Tax lines are just like regular Item Lines and attract standard Denmark VAT (which happens to be 25%).
So we need a Tax Line calculated on a Tax Line ... as both Lines need to appear in the VAT report.
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