equalization tax in CCO?

[stephan_best]

Hello,

How can define equalization tax in CCO? In SAP B1 there is a screen for this:

Thanks is advance.

[bikash_bansal · Accepted solution]

Hello Eduardo,

Thanks for the explanation.
We do not support equalization tax in the standard solution.
We only support tax rate directly assigned to the material item.

Regards,
Bikash Bansal
Product Owner - SAP Customer Checkout

[eduardo_prietocastro · Accepted solution]

Hello Bikash,

Is it a candidate for future versions?

Regards,

Eduardo Prieto

SAP Business One consultant

[bikash_bansal · Accepted solution]

Hello Eduardo,

I noted it down in our backlogs.
I don't see this being requested often. So i dont think we will work on this in next few Feature Pack.
However you know priorities can change. Its hard to make any estimate.

Regards,
Bikash Bansal
Product Owner - SAP Customer Checkout

[eduardo_prietocastro]

Hello Stephan,

I'll try to explain the use of "Equalization" in Spain using SAP B1. "Equalization" is a tax to apply at same level of VAT: The amount base is the same that the amount base for VAT. In SAP B1 you define VAT rate and Equalization rate is same screen (from menu: Administration-->Setup-->Financials-->Tax-->Tax codes).

In business partners master data you have to define if the customer has tu apply the equalization by checking the "Equalization tax" field in folder Accounting-->Tax.

When an invoice is created in SAP B1, if customer has the equalizations tax field checked, the total invoice is calculated base amount plus VAT amount plus equalization amount. For example:

Base amount: 1000

VAT rate 21%: 1000 * 21 / 100 = 210

Equalization rate 5.2%: 1000 * 5.2 / 100 = 52

Total document: 1000 + . 210 + 52 = 1262

And the journal entry for this example is

In tax definition for CCO we can't define de equalization rate.

Regards,

Eduardo Prieto

[stephan_best]

Hello,

could you please explain the Equalization tax more in detail? Maybe with an example from a posting in SAP B1 and the use case.

thanks and kind regards

Stephan