I’m with a dude about Tax calculation, here in Brazil, we have a tax named ICMS, and the calculation of this is based withing itself eg:
I have a phone bill with the totalling USD 100.00 In bill is described 25% of ICMS The ICMS total is USD 25.00 Soon the phone company from the services has received USD 75.00
But, if the services cost is USD 75.00 and I increase 25% of tax the value of bill should be USD 93.75
USD 75.00
+ 25.0%
-----------
93.75
But that is not what happens with he ICMS is a tax that falls into the very basis of calculation, being calculated on himself.
So the real value of the tax is obtained by the following account (ICMS/Services) = % ICM Eg: (25/75) = 33.33%
It is possible to reach this by setting taxes and fees ERPNext?
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Best Regards.
Maxwell Morais
Python Developer powered by Webnotes framework <3
+55 11 954329659
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Max,
You can achieve that in erpnext using "Include in print rate" check box in tax table. Enter item rate as 100, tax rate as 33.33% and check "Include in print rate" in tax row.
The system will back calculate the item rate excluding tax whch is 75.
On 8 Apr 2014 23:23, "Maxwell Morais" <ma...@gmail.com> wrote:
Hey Guys!
I’m with a dude about Tax calculation, here in Brazil, we have a tax named ICMS, and the calculation of this is based withing itself eg:
I have a phone bill with the totalling USD 100.00 In bill is described 25% of ICMS The ICMS total is USD 25.00 Soon the phone company from the services has received USD 75.00
But, if the services cost is USD 75.00 and I increase 25% of tax the value of bill should be USD 93.75
USD 75.00
+ 25.0%
-----------
93.75
But that is not what happens with he ICMS is a tax that falls into the very basis of calculation, being calculated on himself.
So the real value of the tax is obtained by the following account (ICMS/Services) = % ICM Eg: (25/75) = 33.33%
It is possible to reach this by setting taxes and fees ERPNext?