Hi Everyone,
I'm new to US Taxation. I would like to know how to configure Sales Tax and Use Tax in Business Central. I got the following information from the client
1. Entity-wise Tax Groups
Company A |
Company B |
Company C |
Taxable |
Taxable |
Taxable |
Non – Taxable |
Non – Taxable |
Non – Taxable |
Out of State |
Out of State |
Out of State |
Use Tax |
Use Tax |
Use Tax |
2 Entity-wise Tax Jurisdictions
Company A |
Company B |
Company C |
AZ/Maricopa |
AZ/Maricopa |
AZ/Maricopa |
3. Entity-wise Tax Areas
Company A |
Company B |
Company C |
City: Phoenix |
City: Phoenix |
|
4 Entity-wise Detail Tax Rates
DPC&S Inc |
DP Resources LLC |
DPC Holdings LLC |
Retail |
Retail |
Leasing |
State/County: 6.3% |
State/County: 6.3% |
State/County: 0.5% |
City: 2.3% |
City: 2.3% |
City: 2.3% |
Use State: 5.6% |
Use State: 5.6% |
Use State: 5.6% |
Use City: 2.3% |
Use City: 2.3% |
Use City: 2.3% |
Please help me to understand this and configure in BC.
Thanks,
Jaunt
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