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Sales tax based on 80% of invoice amount

Microsoft Dynamics SL Forum

Kathryn Warner asked a question on 19 Sep 2013 8:09 AM
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I am trying to figure out how to set up Sales in SL.  Apparently, in Texas, we are supposed to charge a set percentage for sales tax based on 80% of what we sell our products for.  How can I set this up?

Thanks

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Elaine Rettig responded on 23 Sep 2013 7:08 AM
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Kathryn,

I can think of only 2 ways to sort of handle this.

Make the tax %  0 .8 X actual rate like 5% using the resulting rate of 4%.

Or,

Make multiple lines on the invoice . Tax one line and nothing other.

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Kathryn Warner responded on 7 Oct 2013 12:37 PM
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Can that be done by product category or class?

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Brenda Guess responded on 25 Oct 2017 2:07 PM

I have the same issue.  How did you resolve the 80% issue for certain items?

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Carolyn Froton responded on 11 Jun 2018 2:41 PM
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Brenda,

Here is the suggested setup:

1. Set up sales tax with Basis = Tax Basis Price with appropriate tax percentage.

2. In Inventory items for the item you want taxed enter the Tax Basis Price = % of the selling price. For example 10 selling price, enter tax basis price as 8

Hope this helps,

Carolyn

MSDSL Technical Support

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Carolyn Froton responded on 11 Jun 2018 2:41 PM
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Brenda,

Here is the suggested setup:

1. Set up sales tax with Basis = Tax Basis Price with appropriate tax percentage.

2. In Inventory items for the item you want taxed enter the Tax Basis Price = % of the selling price. For example 10 selling price, enter tax basis price as 8

Hope this helps,

Carolyn

MSDSL Technical Support

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