The Enter Customer Tax Information activity is used to set up tax rules for the relation between our company and the customer address.
In the Delivery Tax Information tab you enter information such as tax book reference and the customer's tax regime. It is also possible to enable tax withholding for the selected delivery address of the customer by selecting Tax Withhold in the field Tax Withholding.
In the Supply Country sub tab you enter tax liabilities, and tax free tax codes if the tax liability is exempted, for each of your company's supplying countries. Tax regime and tax liability are mandatory for all customers in a company.
The Taxes tab is applicable only for customers with Sales or Mixed
tax regimes. Sales tax codes can be entered here which will be used in transactions
when the particular customer is referred to.
The Tax Exempt Info tab is used to define whether tax exemption
exists for a specific delivery address. A tax exempt needs to be clarified by a
certificate from the authorities and needs to be filed for, and issued by an authority.
When registering a tax exempt for a Sales Tax tax regime you are required to enter
a certification number and certificate jurisdiction. Specifying tax exempt info
is not mandatory for customers using VAT and Mixed tax regimes.
The IPD Tax Information tab should be set up if direct deliveries in the inter-site order functionality is made to this address.
In the Document Tax Information tab you enter tax ID types and tax ID numbers to be quoted on documents.
This activity requires that you have entered the required values in the Customer/Invoice and Address tabs. You also must have defined the tax codes in the Tax Codes window in IFS/Accounting Rules and the tax liability information in the Tax Liability window of IFS/Enterprise. If you will reference a tax book, the tax book must be defined in the Tax Book window in IFS/Accounting Rules.
If the customer's tax regime is VAT, the VAT information defined in this tab is used in Instant Invoice, and also whenever invoices are created from other parts of IFS Applications, e.g., Customer Order, to decide whether or not VAT is to be charged when delivering to this address.
If the customer's tax regime is Sales Tax or Mixed, the information defined in this tab is used in Instant Invoice, and also whenever invoices are created from other parts of IFS Applications, e.g., Customer Order, to automatically create tax lines based on the tax codes associated with the customer and delivery address specified on the invoice.
For example:
Let's say that customer ABC has two tax codes associated with the delivery address ID 1: AZST (Arizona State Tax 5%) and AZCT (Arizona City Tax 10%). If a customer invoice for $100 is manually created for ABC using the delivery address ID 1, two tax lines will be created automatically: tax line 1, AZST 5% = $5 ($100 x 0.5), and tax line 2, AZCT 10% = $10 ($100 x 0.10). The total tax amount (the VAT amount) on the Lines tab in the Customer Invoice or Instant Invoice window will be updated to $15.
If you specify a tax book or tax book structure for the customer, it will be used whenever you report tax transactions related to the customer.
If you select Tax Withhold in the field Tax Withholding in the Delivery Tax Information tab, it will be possible to connect income types and tax withholding codes for the selected delivery address of the customer.
Customer, Customer Tax Withholding, Customer Tax Withholding/Customer Income Type, Customer Tax Withholding/Default Tax Withholding Codes
First open the Customer window and select a customer. Then click the Address tab and select the address ID for which you want to enter tax information.
On the Address/Delivery Tax Information tab:
To enter tax withholding basic data:
On the Address/Delivery Tax Information/Supply Country sub tab:
On the Address/Delivery Tax Information/IPD Tax Information sub tab:
On the Address/Document Tax Information tab: