Values of sales tax codes (form) [AX 2012]

Updated: November 9, 2010

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click General ledger > Setup > Sales tax > Sales tax codes. Click Values.

Use this form to specify a sales tax code value or percentage for the sales tax calculation of a selected sales tax code. You specify different sales tax code values for different amount intervals and periods.

You might have to set up different sales tax code values for specific amount intervals in the calculation base (total amount to be taxed) because of the requirements of the sales tax authority. The upper and lower limits of the sales tax code values are used in the sales tax calculation in two different ways, depending on the selection in the Calculation method field in the Sales tax codes form. For more information, see About the Whole amount and Interval options for sales tax codes.

You can set up sales tax code values for future periods well in advance of the date on which the values apply.

Changes in sales tax code values do not change the values of sales taxes that are already posted.

The following tables provide descriptions for the controls in this form.

Tab

Description

Overview tab

View the sales tax code values that apply to the selected sales tax code.

General tab

View the overview information for the selected sales tax code value.

Field

Description

From date

The first date of the period that the sales tax code value applies to.

To date

The last date of the period that the sales tax code value applies to.

Minimum limit

The lower amount limit of the calculation base that the selected sales tax code value applies to.

For most tax code intervals:

  • The first interval has a minimum limit of 0.

  • The last interval has an upper limit of 0 (infinity).

  • There are no gaps in the defined intervals; all amounts are included.

NoteNote

The interval defined by the limit fields is used differently in the sales tax calculation according to the selection in the Calculation method field in the Sales tax codes form. For more information, see About the Whole amount and Interval options for sales tax codes.

Upper limit

The upper amount limit of the calculation base that the selected sales tax code value applies to.

For most tax code intervals:

  • The first interval has a minimum limit of 0.

  • The last interval has an upper limit of 0 (infinity).

  • There are no gaps in the defined intervals; all amounts are included.

NoteNote

The interval defined by the limit fields is used differently in the sales tax calculation according to the selection in the Calculation method field in the Sales tax codes form. For more information, see About the Whole amount and Interval options for sales tax codes.

Value

The tax percentage or the amount per unit of the sales tax value code:

  • Enter a tax percentage as a number, such as 25.00 for 25%.

  • Enter an amount per unit if the value in the Origin field in the Sales tax codes form is Amount per unit. Purchase duties or packaging duties are often set up in this manner.

Pct. exempt from sales tax

The percentage of the tax amount that is exempt from taxes.

The base amount for which sales taxes are calculated is multiplied by this percentage. The result is excluded from the tax payable calculation and is posted as an expense in the profit and loss accounts, together with the base amount.

NoteNote

This field is used only for taxes that allow for deductions of vendor (outgoing) sales tax in the tax payable calculation. The field is not available if you selected the Apply U.S. taxation rules check box on the Sales tax tab of the General ledger parameters form.

For more information, see Example: Using the Pct. exempt from sales tax field.

Sales tax code

The sales tax code that the rate applies to.


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