How Customs duty invoice work differently with Supplier Invoice?

[watcharaphon]

Hello,

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

Best regards,

Toom

[arunml · Accepted solution]

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

Please mark this thread as answered, if it is helpful.

[watcharaphon · Accepted solution]

Dear arunml ,

For Customs Duty Debit Item, can it be distributed to Inventory Cost in Supplier Invoice like on Supplier Invoice Entry. We found issue that it is difficult to do when there are many items as 100 overs since it does not automatically calculate. Also, Customs provide single Receipt on both Duty and VAT.

Regards,
Toom