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ReportHello,
Where Stamp duty can be set in ax? is it a charge or sales taxe ?
Thanks,
Hichem
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Hello,
Where Stamp duty can be set in ax? is it a charge or sales taxe ?
Thanks,
Hichem
*This post is locked for comments
Hi Hichem,
Thanks for your separate mail with the explanaition where it is used for. As I understand it is an additional tax when an invoice is paid with cash money. It is not exactly clear if it is know upfront and who has to pay this tax: The customer or the vendor.
There is no direct support in AX. But there might be a workaround possible. You can use additional tax settings (Tax groups, Tax code, Tax item group) to setup additional 1% tax. Eventually you can create a separate Sales Tax settlement period to do the declaration seperately.
On a payment journal you can specify the tax group and tax item group to have the calculation of the tax. If the tax will be posted with an additional line, you can also fill the Tax code field on the journal line to have this amount posted completely as tax.
You also mentioned a limit. It is possible to setup a maximum amount for tax calculation.
Does the Stamp duty applies at both the AP and AR side?
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