Enter Tax Information
Explanation
This activity is to be used for companies using address level tax and where
the ship-to tax applies. Either tax codes or tax calculation structure can be
specified here for site delivery address and will be used as defaults when
entering purchase order lines or supplier invoice lines. The default tax
information entered here is retrieved if the Use Supplier Address for Tax
check box is not selected for the delivery address in the
Supplier/Address/Delivery Tax Information tab and the Use Project
Address for Tax is not selected on the invoice.
You can also enter tax exempt information for sites that qualify for tax
exempt status.
Prerequisites
- Tax codes need to be defined in the Tax Codes window.
- If tax calculation structure is used to derive tax codes and tax
calculation rules, basic data for tax calculation structures need to be
defined in the Tax Calculation Structure window.
System Effects
- When you enter a purchase order or a supplier invoice, default tax rates
will automatically be generated based on the ship-to address of the delivery
recipient. These default rates can be used, or can be modified.
Window
Company
Related Window Descriptions
Company,
Company/Address/Tax
Information,
Company/Address/Tax
Information/Taxes,
Company Address/Tax
Information/Tax Exempt Info
Procedure
- Open the
Company window.
- Query for the company ID.
- Select an address ID for your company in the Address ID field.
- Click the
Tax Information tab.
- You can enter either the tax calculation structure in
the Tax
Information tab or tax codes in the Taxes Tab.
- If no tax calculation structure is entered in
the Tax Calculation Structure
field, Click the
Taxes tab.
- Enter a tax code in the Tax Code field manually or by using the
List of Values.
- The Description and Percentage fields will automatically fill in, based on
the tax code selected.
- Save the record.
- If you want to enter tax-exempt information for the delivery address, click the
Tax Exempt Info tab.
- Create a new record.
- Enter the tax exemption certificate number.
- In the Certificate Type field, select either Agreement, to indicate tax
exempt status for all purchases, or Single, for tax exemption for purchases
of a specific product.
- Enter the certificate jurisdiction, issue, and expiration dates.
- Save the record.