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How Customs duty invoice work differently with Supplier Invoice?

Hello,

I would like to check how Customs Duty invoice work differently with Supplier Invoice.

Best regards,

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  • Best Answer
    Aug 17, 2017 at 01:39 PM

    Hello Wacharaphon,

    When you import products from other countries, the products may be subject to taxes and duties. Customs invoice are used to pay the taxes and duties based on the invoice you received from your customs authorities. In the Customs Invoice -> Items -> You can use the following item types in customs invoices:

    1. Import VAT Debit Item - This type of item contains the tax amount as a net amount. The entered amount is posted as a tax amount in financial management and will be declared in a tax return. You do not have to enter a quantity or net price information.

    2. Customs Duty Debit Item - This type of item is not taxable. You cannot enter a tax code.

    The standard supplier invoices can be used for supplier payments as usual and another option is that you can use different Item types in the normal supplier invoice.

    Different Item Types available as below:

    Additional cost Debit item

    Additional cost Credit item

    Credit Memo item

    Import VAT debit item

    Invoice Item

    Subsequent Credit item

    Subsequent Debit item

    Hope this is helpful.

    Best Regards,
    Arun

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