The following examples explain the configuration of a tax in a TIO.
1st. Example
TIO 001
Item | Tax | Add Trade Note | Add Invoice | Add Cost | Add Tax | Calculate On | Calc. on Net |
01 | IV1 (Variable Tax 1) | Add | Add | Add | Item | Yes |
Invoice Information
Value | Discount (10%) | Tax Base (Item Value - Discount) | Tax (18%) | Total Item Value | Cost | |
Item 01 | 55.00 | 5.00 | 50.00 | 9.00 | 59.00 | 50.00 |
Item 02 | 100.00 | 10.00 | 90.00 | 16.20 | 106.20 | 90.00 |
Invoice and Bill Total Value | 165.20 |
2nd. Example
TIO 002
Item | Tax | Add Trade Note | Add Invoice | Add Cost | Add Tax | Calculate On | Calc. on Net |
01 | IV1 (Variable Tax 1) | Indifferent | Indifferent | Subtract | Total | Yes |
Invoice Information
Value | |
Goods Total Value | 260.00 |
Discount (8%) | 20.80 |
Tax base | 239.20 |
Value of IV1 | 43.56 |
Invoice and Bill Value | 239.20 |
Cost | 195.64 |
It can be calculated using the formula (used in this example):
It can be calculated using the formula:
3rd. Example
TIO 003
Item | Tax | Add Trade Note | Add Invoice | Add Cost | Add Tax | Calculate On | Calc. on Net |
01 | IV1 (Variable Tax 1) | Indifferent | Indifferent | Subtract | Total | Yes |
Invoice Information
Value | Discount IV1 (3%) | IV2 Tax Base (item value + IV1) | Tax IV1 (14%) | Cost (Goods Value + IV2) | (Goods Value + IV1 + IV2) | |
Item 01 | 250.00 | 7.50 | 257.50 | 36.05 | 236.05 | 293.55 |
Item 02 | 100.00 | 3.00 | 103.00 | 14.42 | 114.42 | 117.42 |
Total Invoice Value | 410.97 |
In the above TIO, both taxes are calculated: IV1 and IV2. First, the system calculates IV1 value, which is then added to the goods value to compose IV2 tax base.