E-Business Tax (MOSC)

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Rounding issue for Recoverable Tax and Non-recoverable Tax in Italy

edited Jul 24, 2014 5:04AM in E-Business Tax (MOSC) 1 commentAnswered


Hi All,

Issue:

   Line amount is 19.50

  Tax rate is 22% and 50% recoverable and 50% non-recoverable

  The total tax amount would be 4.29

  Recoverable Tax – 2.145

  Non Recoverable Tax – 2.145

Currently it is showing

  • And Non recoverable tax to 2.14
  • Reocverable Tax -2.15

As per Italy Tax Authority it should diplay like below othwise penalities will be charges for overshoing recoverable amount:

Recoverable tax should be 2.14

And Non recoverable tax should be 2.15

How to resolve the issue.

Please help.

Thanks.

Arun

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