(IND) Set up a reverse charge percentage [AX 2012]

Updated: November 27, 2013

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

Use the following procedure to specify the reverse charge percentage for an item sales tax group.

NoteNote

This topic does not apply to versions of Microsoft Dynamics AX 2012 prior to cumulative update 1 for AX 2012 R2.

  1. Click General ledger > Setup > Sales tax > Item sales tax groups.

  2. Select or create an item sales tax group. For more information, see (IND) Create item sales tax groups and (IND) Item sales tax groups (modified form).

  3. In the Accounting basis field, select Point of taxation basis as the accounting basis on which to calculate the service tax.

  4. To calculate the reverse charge on the service tax, in the Reverse charge percentage field, enter the reverse charge percentage that is paid by the service receiver. For example, enter 50 if the service receiver is responsible for 50 percent of the tax.

    NoteNote

    To indicate that 100 percent of the service tax is paid by the service receiver, in the Reverse charge percentage field, enter 100 as the reverse charge percentage.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

Community Additions

ADD
Show: