on 05-14-2018 4:20 PM
Hello All,
I have created a new Tax Code (Input Tax) with 21 % with 65 % non-deductible and 35 % deduction tax amounts.
If I test a normal FI document, the tax calculation is fine:
Vendor Cr ...6050
Expense Dr...5682.50
Input VAT Dr...367.50
Calculation : 5000*21/100= 1050
Non Deductible Tax= 1050*65/100 =682.50
Expense +Non Deductible Tax= 5000+682.50= 5682.50
However, when I create a payment request using F871, the tax amount calculated is not correct.
In the screenshot of F871, I have entered 500 as the base amount. So, the tax amount should be 367.50 instead of 1050. (please see Picture 1 & 2)
Can anyone please suggest why the system is showing Input Tax as 21 % and not the amount (after deducting non-deductible Tax amount)?
Thank you in advance.
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