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Poland VAT CODE Configuration

Former Member
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Hi Gurus,

We have a requirement for VAT code creation for Poland for below scenario.

For vendor Invoice value - 123/-

1. One value with 23 percent rate- 50 and corresponding to it 11,5 amount for VAT- together 61,5.

2. Second value on 61.5 which should have tax rate free of VAT.

Please share your inputs to meet the requirement

Thanks in advance

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Please elaberate your requirement clearly..

Former Member
0 Kudos

Hello,

I created a tax code as below, tax amount gets posted correctly but I should get base amount 50/- instead of 100

Highly appreciated for any inputs.

Thanks


Former Member
0 Kudos

Hi,

For this tax codes, the system will consider the total item value or total transaction values as a base amount and calculate the tax. It will not consider as part of the item or header values.

If you want to use the base amount as per your requirement use WHT and assign it to vendor or customer.

Former Member
0 Kudos

Hi Chandra,

Thanks for your prompt reply.

Can you please elaborate on how to define WHT for this requirement.

Thanks

Former Member
0 Kudos

Hi,

Create one Tax code and type in WHT settings and define base amount for the tax like 50% or 60% of the transaction values. Then define actual tax percentage to be calculated on the base amount in the transaction level.

Once you created all the settings then assign this tax codes and types to in master data of vendor or customer.

Former Member
0 Kudos

Hi,

This issue has been resolved as below:

Answers (0)