Dear experts,
I am struggling with a legal requirement related to tax codes. I need to configure a tax code where the rate is 20% Input VAT but only 16% is deductible. The rest (4%) goes into a given cost account. Now this is easy:
VST - 16 % - GL 343
NAV - 4 % - GL 548
But moreover, I need to split the base amount (original cost item) in the same ratio 80:20. 80 % should remain on the selected cost account and 20 % should go to the 548 account. The tax base must remain the same.
Example:
Vendor - 120 EUR
Cost - 100 EUR - 80 EUR GL 518
- 20 EUR GL 548
Tax - 20 EUR - 16 EUR GL 343 - deductible
- 4 EUR GL 548 - non-deductible
Tax base: 100 EUR
Any help is much appreciated. I do not know whether this can be achieved in Tax code customizing.
Regards,
Ondrej