Screenshot:Tax Rate

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Tax Rate

Each tax rate in Openbravo is a combination of different variables such as the tax category, the rate and the business partner tax category among others.
If all those variables are properly setup the correct tax rate is automatically filled in every business transaction.

Tax

Tax rate window allows to create as many tax rates as required.

• Organization : Organizational entity within client
• Name : A non-unique identifier for a record/document often used as a search tool.
• Valid From Date : A parameter stating the starting time of a specified request.
• Tax Category : A classification of tax options based on similar characteristics or attributes.
• Summary Level : A means of grouping fields in order to view or hide additional information.
• Rate : The percentage to be multiplied by the source to arrive at the tax or exchange amount.
• Sales/Purchase Type : Sales Tax applies to sales situations, Purchase Tax to purchase situations
• Document Tax Amount Calculation : Document tax amount calculation criteria
• Country : A state or a nation.
• Destination Country : The country receiving a shipment
• Base Amount : Base Amount to be used for the calculation of the tax amount.
• Tax Base : Tax rate used as tax base amount for tax calculation
• Region : An area of a specific country.
• Destination Region : The state/province inside of a country receiving the shipment.
• Line No. : A line stating the position of this request in the document.
• Description : A space to write additional related information.
• Parent Tax Rate : Parent Tax indicates a tax that is made up of multiple taxes
• Business Partner Tax Category : Bussines Partner Tax Category as a Vendor
• Active : A flag indicating whether this record is available for use or de-activated.
• Default : A value that is shown whenever a record is created.
• Cascade : Any additional discount built upon the remaining total after applying previous discounts.
• Withholding tax : Is withholding tax
• Not Taxable : Check if it is not taxable
• Tax Not Deductible : Tax Not Deductible
• Tax Deductible : If active, this rate will behave as a tax deductible rate, no matter if the organization where used is tax deductible or not.
• Deductible Rate : Deductible Rate
• Original Rate : Original Rate
• Tax Exempt : A condition stating that for a specific case, taxes must not be applied.
• Tax Search Key : A fast method for finding a specific tax.
• Tax : The percentage of money requested by the government for this specified product or transaction.
• No VAT : Is no VAT tax
• Creation Date : The date that this record is completed.
• Client : Client for this installation.

Tax Zone

Tax zone defines the origin country/region and destination country/region where a given tax rate applies,
for those case where it is not enough to define only one "Origin" Country/Region and only one "Destination" Country/Region at header level

• From Country
• Destination Country : The country receiving a shipment
• From Region
• Destination Region : The state/province inside of a country receiving the shipment.
• Active : A flag indicating whether this record is available for use or de-activated.
• Tax : The percentage of money requested by the government for this specified product or transaction.
• Organization : Organizational entity within client
• Client : Client for this installation.
• C_Tax_Zone_ID : Tax zone identifier

Translation

Tax rates can be translated to any language required.

• Language : A method of communication being used.
• Active : A flag indicating whether this record is available for use or de-activated.
• Translation : An indication that an item is translated.
• Name : A non-unique identifier for a record/document often used as a search tool.
• Description : A space to write additional related information.
• Tax Search Key : A fast method for finding a specific tax.
• Tax Translation
• Tax : The percentage of money requested by the government for this specified product or transaction.
• Organization : Organizational entity within client
• Client : Client for this installation.

Accounting

Accounting tab allows to configure the account to be used while posting tax rate transactions to the general ledger.

• General Ledger : The book containing all financial transactions recorded for the legal entity.
• Active : A flag indicating whether this record is available for use or de-activated.
• Tax Due : Account for Tax you have to pay
• Tax Credit : Account for Tax you can reclaim
• Tax Accounting
• Tax : The percentage of money requested by the government for this specified product or transaction.
• Organization : Organizational entity within client
• Client : Client for this installation.

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