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How Customs duty invoice work differently with Supplier Invoice?

Aug 15, 2017 at 03:50 AM

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Hello,

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

Best regards,

Toom

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Arun Mavinahally Lakshmikantha
Aug 17, 2017 at 01:39 PM
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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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