Greetings AX Community!
I have a question about import tax/custom tax transaction recording.
What tends to happen is that we get an invoice where a product gets imported and that item is charged a normal VAT rate and an additional import tax. I am having trouble in recording this transaction in an AP Invoice journal because it appears the standard VAT is being calculated, but I don’t know how to account for import tax. Currently, the import account is being recorded directly to a ledger account which is fine, but I need to have to where the import tax amount is going through the sales tax code so that the electronic tax declaration process can automatically pick up the import tax amount when processed. I was wondering, would you have any thoughts as to how to account for import tax using the sales tax code/sales tax groups/ item sales tax group? Do you know if we can somehow associate a sales tax code to a main account so that every time a user keys the GL main account number on an invoice journal or GL journal, the sales tax code gets updated with the import tax amount? Also, I found a similar issue posted previously, but I am not understanding the solution. Keep in mind, I have the 'amount includes sales tax' option marked, so this will impact tax calculation amount. I am also assuming that if I setup the sales tax codes correctly, this will also resolve my issue in adding an import tax line on the PO as well?
Thank you!
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