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Business Central forum

VAT setup - Business Central calculating wrong VAT

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Posted on by 281

Dears, please help

The VAT rate is 5%

This is the correct calculation Amount 243.60 * 5% the VAT amount is 12.18

Now I am doing exactly the same entry with the same amount but the system did this formula  Amount ÷ 1.05 * 5%

243.6/1.05=232 

232 * 5% VAT = 11.60

This is the screenshot

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I have the same question (0)
  • I Gusti Made Ari Profile Picture
    3,600 on at

    can you check "VAT Calculation Type" of your entry . is it "Normal VAT" ?

  • Suggested answer
    mahmoud_algindy Profile Picture
    281 on at

    Dears as I find no one has solved the issue the answers is:

    The Amount must be including VAT then the system will calc. the VAT amount based on the VAT setup.

    Thanks

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