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<ManualTopic ID="/baanerp/tc/onlinemanual/000406" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">To set up investment charge tax</Title>
		<Keyword><Level1>To set up investment charge tax</Level1>
		</Keyword>
		<Keyword><Level1>investment charge</Level1>
			<Level2>to set up</Level2>
		</Keyword>
	</Header>
	<GeneralSection><SectionTitle>To set up an investment charge tax code</SectionTitle>
		<ProcedureList><ListIntro>To set up a tax code for investment charge tax, use the following sequence of sessions:</ListIntro>
			<ListItem><GUIRef href="/baanerp/tf/acp/tfacp0100s000" role="session">ACP Parameters (tfacp0100s000)</GUIRef>. On the <GUIRef href="" role="manual">Miscellaneous</GUIRef> tab, select the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.ivch" role="formfield">Investment Charge</GUIRef> check box and supply the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.ivcc" role="formfield">Default Tax Country</GUIRef> and the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.ivcv" role="formfield">Default Tax Code</GUIRef>.</ListItem>
			<ListItem><GUIRef href="/baanerp/tc/mcs/tcmcs0137m000" role="session">Tax Codes (tcmcs0137m000)</GUIRef>. Define the tax code for the investment charge tax.</ListItem>
			<ListItem><GUIRef href="/baanerp/tc/mcs/tcmcs0136s000" role="session">Tax Codes by Country (tcmcs0136s000)</GUIRef>. For the appropriate country and the tax code defined in Step 2, in the <GUIRef href="/baanerp/tc/mcs/tcmcs0136s000#tcmcs036.ktax" role="formfield">Kind of Tax</GUIRef> field, select <GUIRef href="/baanerp/tc/domains/ktax#invest.charge" role="enum">Investment Charge</GUIRef>.</ListItem>
			<ListItem><GUIRef href="/baanerp/tc/mcs/tcmcs0132m000" role="session">Single Tax Rates (tcmcs0132m000)</GUIRef>. For the investment charge tax code and country, define the tax rate.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/gld/tfgld0171s000" role="session">Posting Data for Tax Codes (tfgld0171s000)</GUIRef>. For the investment charge tax code and country, define the ledger accounts and dimensions to which the tax amounts must be posted. In the <GUIRef href="/baanerp/tf/gld/tfgld0171s000#tfgld071.casp" role="formfield">Contra Account Shifted Tax Purchase</GUIRef> field, select the <GUIRef href="" role="manual">Investment Charge Obligation</GUIRef> ledger account.</ListItem>
		</ProcedureList>
	</GeneralSection>
	<GeneralSection><SectionTitle>To set up an associated investment charge tax code</SectionTitle>
		<ProcedureList><ListIntro>To set up a tax code for VAT with an associated investment charge tax code, use the following sequence of sessions:</ListIntro>
			<ListItem><GUIRef href="/baanerp/tf/acp/tfacp0100s000" role="session">ACP Parameters (tfacp0100s000)</GUIRef>. On the <GUIRef href="" role="manual">Miscellaneous</GUIRef> tab, select the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.ivch" role="formfield">Investment Charge</GUIRef> e check box and supply the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.ivcc" role="formfield">Default Tax Country</GUIRef> and the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.ivcv" role="formfield">Default Tax Code</GUIRef>.</ListItem>
			<ListItem>Set up a tax code for the investment charge tax as described above.</ListItem>
			<ListItem><GUIRef href="/baanerp/tc/mcs/tcmcs0137m000" role="session">Tax Codes (tcmcs0137m000)</GUIRef>. Define the tax code for the VAT.</ListItem>
			<ListItem><GUIRef href="/baanerp/tc/mcs/tcmcs0136s000" role="session">Tax Codes by Country (tcmcs0136s000)</GUIRef>. For the appropriate country and the VAT tax code defined in Step 3, enter the following details: <List><ListItem>In the <GUIRef href="/baanerp/tc/mcs/tcmcs0136s000#tcmcs036.ktax" role="formfield">Kind of Tax</GUIRef> field, select <GUIRef href="/baanerp/tc/domains/ktax#vat" role="enum">VAT</GUIRef>.</ListItem>
					<ListItem>Select the <GUIRef href="/baanerp/tc/mcs/tcmcs0136s000#tcmcs036.ivca" role="formfield">IVC Association</GUIRef> check box.</ListItem>
					<ListItem>In the <GUIRef href="/baanerp/tc/mcs/tcmcs0136s000#tcmcs036.ivtc" role="formfield">IVC Tax Code</GUIRef> field, select the investment charge tax code that you defined earlier.</ListItem>
				</List>
			</ListItem>
			<ListItem><GUIRef href="/baanerp/tc/mcs/tcmcs0132m000" role="session">Single Tax Rates (tcmcs0132m000)</GUIRef> For the VAT tax code and country, define the tax rates. If the VAT is a multiple tax, set up the multiple tax code lines and the multiple rates in the regular way.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/gld/tfgld0171s000" role="session">Posting Data for Tax Codes (tfgld0171s000)</GUIRef>. For the VAT tax code and country, define the ledger accounts and dimensions to which the tax amounts must be posted. If the VAT is a multiple tax, you must also use the <GUIRef href="/baanerp/tf/gld/tfgld0170s000" role="session">Posting Data for Multiple Tax Codes (tfgld0170s000)</GUIRef> session.</ListItem>
		</ProcedureList>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000405" role="manual">Investment charge tax</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
