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taxes_-_included_eco_taxes

Setting up items with GST included and Eco tax included.

This setup is for included taxes such as liquor.

Tax 1 - GST Included. Tax 7 - Bottle Deposit Included.

When setting up the part, the retail price includes both the GST and the bottle deposit. But note that the GST is calculated on the full retail price, which would mean that there would be tax on the bottle deposit too. This is normal as the GST rules state that if the beverage is GST taxable, then so is the bottle deposit.

When setting up the eco tax, all tax lines of a given date range must all be included or all not included. You can not have some items tax included and some not within the same tax number. You must also enter a tax line for each tax area, such as

Tax Number AREA DESCRIPTION RATE TAX ON TAX TAX INCLUDED
1 BLANK GST 6.0% N Y
7 BLANK DEPOSIT $0.00 N Y :!:
7 1L DEPOSIT $0.10 N Y
7 2L DEPOSIT $0.20 N Y
7 3L DEPOSIT $0.30 N Y

:!: This line must be created inorder for the posting to work.

taxes_-_included_eco_taxes.txt · Last modified: 2007/09/26 14:00 (15 years ago) by craig