Enter Tax Liability Date Control
Explanation
This activity is used to enter rules that determine the
dates on which the customer invoices, supplier invoices and the payments of a company become liable for tax.
It is also possible to define exceptions if different rules have to be followed
for different tax codes.
Prerequisites
This activity requires that tax codes have been entered
for the company.
System Effects
The tax liability date for the tax transactions fetched
into the tax ledger will be determined by the rules specified in the Tax
Liability Date Control window.
Window
Tax
Liability Date Control
Related Window Descriptions
Tax Liability Date Control
Procedure
- Open the Tax Liability Date Control
window.
- Select a value from the list for the Customer
Invoices field to specify when the customer invoices would become liable
for tax.
- Select a value from the list for the Supplier
Invoices field to specify when the supplier invoices would become liable
for tax.
- Select a value from the list for the Payments
field to specify when the payments made using payment documents would become
liable for tax.
- Save the information.
To define exceptions
- Create a new record in the Tax Liability Date
Exceptions table.
- In the Tax Code field, enter the tax code
which you want to treat as an exception to the rule defined.
- Specify when the customer debit invoices using the entered tax code would become liable for tax by selecting
a value from the list for the Customer Debit Invoices field.
- Specify when the customer credit/correction invoices using the
entered tax code would become liable for tax by selecting a value from the
list for the Customer Credit/Correction Invoices field.
- Specify when the supplier invoices using the
entered tax code would become liable for tax by selecting a value from the
list for the Supplier Invoices field.
- Save the information.