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E9.2 Tax & Taxable Field - Standard Voucher Entry

jbden85

Member
  1. I have a doubt regarding Taxable amount & Tax amount when you create a standard PV with Tax
  2. What i don't understand is how JDE is calculating those field because of the following
    1. Gross Amount = $ 2000
    2. Taxable amount = $1652.89
    3. Tax Amount = $347.11
  3. I know Taxable amount +Tax amount = Gross amount , however my Tax rate = Gral 21% & Tax Ex=V
  4. My tax rules are : % Warning=2 & Error=10
  5. If i try to get the % is not the same, it looks like Tax amount is calculated like 17.36%
  6. Hope someone can help me on this doubt.
 

Kim Schmidt

Active Member
The tax amount of $347.11 is 21% of the taxable amount $1652.89, so the invoice amount of $2000 is inclusive of the Value Added Tax. Or looking at it a different way, $2000 is 121% of the taxable amount.
 

jbden85

Member
The tax amount of $347.11 is 21% of the taxable amount $1652.89, so the invoice amount of $2000 is inclusive of the Value Added Tax. Or looking at it a different way, $2000 is 121% of the taxable amount.
Thank you kim i saw what i was doing now it's clear!!!
 
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