| # Tax Handling (tctax0138m000) Use this session to specify the default tax codes for various kinds of import and export transactions for financial company in various countries. You must also select the default tax code for transactions that are marked as being exempt from tax. If a tax code applies to a specific item, you must specify the item. If you leave the Item field empty, Infor ERP LN applies the tax code to all the items for which you do not define specific tax codes. Select the check boxes for the types of tax for which you want to select a tax code, and next, select the tax codes. Related topics To define default tax codes To set up tax registration To set up the tax rates To set up service tax Financial Company The financial company for which you view, add, or change the tax codes. Country The country for which you view, add, or change the tax codes. You must first assign tax codes to the country in the Tax Codes by Country (tcmcs0536m000) session. State/Province The state or province for which you view, add, or change the tax codes. EU Member State If this check box is selected, the country is a member state of the European Union. SSA ERP applies the tax rules for EU member states to calculate the tax. You can mark a country as an EU member state in the Countries (tcmcs0110s000) session. Item The item to which specific the tax codes apply in the country. If a tax code applies to a specific item, you must specify the item. Infor ERP LN applies the tax codes with an empty item field to all the items for which you do not enter a specific tax code. Tax Code for No Tax The tax code used for transactions exempt from tax. You must select a tax code. You cannot create transactions with an empty or blank Tax Code field. Domestic Sales To select a tax code for sales transactions within a state, select this check box. Domestic Sales The tax code for sales transactions within a state (Local Sales Tax or LST). Inter State Sales To select a tax code for intracommunity transactions (ICT) tax on sales transactions, select this check box. Interstate Sales The tax code of the intracommunity transactions (ICT) tax on sales transactions. ICT ABC Transactions To select a tax code for intracommunity transactions (ICT) tax on triangular trade transactions, select this check box. ICT ABC Transactions The tax code for intracommunity transactions (ICT) tax on triangular trade transactions. ICT Own Goods Movement Sales To select a tax code for own goods movements on sales transactions, select this check box. ICT Own Goods Movement Sales The tax code for own goods movements that cross country borders within the European Union. The sold-to and ship-to business partners of such transactions are either internal business partners or affiliated company business partners. Export To select a tax code for export tax on sales transactions, select this check box. Export The tax code of the export tax. Export (Special) To select a tax code for export transactions to which a special tax rate, or no tax, applies, select this check box. Export (Special) The tax code for export transactions to which a special tax rate, or no tax, applies. Exempt Sales To select a tax code for export transactions to which a special tax rate, or no tax, applies, select this check box. Exempt Sales The tax code for sales transactions that are exempt from tax. Use GST Tax code If this check box is selected, GST Tax Code field is enabled. GST Tax Code The GST tax code. Note If the GST Implemented check box is selected in the India Localization Parameters (tccom9136m00l) session, Infor LN defaults the tax code applicable for the receiving address state. The tax code must be of type aggregate tax code. Use GST Tax Code (ICT) If this check box is selected, GST Tax Code field is enabled. GST Tax Code (ICT) The GST tax code(IST). Note If the GST Implemented check box is selected in the India Localization Parameters (tccom9136m00l) session, Infor LN defaults the tax code applicable for the receiving address state. The tax code must be of type aggregate tax code. Domestic Service To select a tax code for field service transactions in the company's home country, select this check box. Domestic Service The tax code for field service transactions in the company's home country. ICT Field Service To select a tax code for export transactions to which a special tax rate, or no tax, applies, select this check box. ICT Field Service The tax code for field service transactions in member countries of the European Union other than the company's home country. The company's home country must also be a member country of the European Union. ICT Maintenance Sales To select a tax code for maintenance sales orders in other EU member countries, select this check box. ICT Maintenance Sales The tax code for maintenance sales orders in member countries of the European Union other than the company's home country, and for depot repair if the goods on which maintenance is performed cross the border to another European Union member country. The company's home country must also be a member country of the European Union. ICT Service Calls To select a tax code for service calls in other EU member countries, select this check box. ICT Service Calls The tax code for service calls in member countries of the European Union other than the company's home country. The company's home country must also be a member country of the European Union. ICT Service Contracts To select a tax code for service contracts in other EU member countries, select this check box. ICT Service Contracts The tax code for service contracts in member countries of the European Union other than the company's home country. The company's home country must also be a member country of the European Union. Export Field Service To select a tax code for field service activities in a different state, select this check box. Export Field Service The tax code for field service activities performed in states other than the company's home state. Export Maintenance Sales To select a tax code for maintenance sales orders in in a different state, select this check box. Export Maintenance Sales The tax code for maintenance sales orders in states other than the company's home country. Export Service Calls To select a tax code for service calls in in a different state, select this check box. Export Service Calls The tax code for service calls in states other than the company's home country. Export Service Contracts To select a tax code for service contracts in a different state, select this check box. Export Service Contracts The tax code for service contracts in states other than the company's home country. Exempt Service To select a tax code for service transactions that are exempt from tax, select this check box. Exempt Service The tax code for service transactions that are exempt from tax. Domestic Purchase To select a tax code for domestic VAT on purchase transactions, select this check box. Domestic Purchase The tax code for domestic VAT on purchase transactions. Inter State Purchase To select a tax code for intracommunity transactions (ICT) on purchase transactions, select this check box. Interstate Purchase The tax code of the intracommunity transactions (ICT) tax on purchase transactions. ICT Own Goods Movement Purchase To select a tax code for own goods movements on purchase transactions, select this check box. ICT Own Goods Movement Purchase The tax code for own goods movements that cross country borders. The buy-from and ship-from business partners of such transactions are either internal business partners or affiliated company business partners. Import To select a tax code for import tax on sales transactions, select this check box. Import The tax code of the import tax. Import (Special) To select a tax code for import transactions to which a special tax rate, or no tax, applies, select this check box. Import (Special) The tax code for import transactions to which a special tax rate, or no tax, applies. Exempt Purchase To select a tax code for purchase transactions that are exempt from tax, select this check box. Exempt Purchase The tax code for purchase transactions that are exempt from tax. Domestic Freight To select a tax code for domestic freight orders, select this check box. Domestic Freight The tax code for domestic freight orders. Freight ICT Sales To select a tax code for freight (ICT) sales orders, select this check box. Freight ICT Sales The tax code for freight (ICT) sales orders. Freight ICT Purchase To select a tax code for freight (ICT) purchase orders, select this check box. Freight ICT Purchase The tax code for freight (ICT) purchase orders. Exempt Freight Sales To select a tax code for freight sales orders that are exempt from tax, select this check box. Exempt Freight Sales The tax code for freight sales orders that are exempt from tax. Exempt Freight Purchase To select a tax code for freight purchase orders that are exempt from tax, select this check box. Exempt Freight Purchase The tax code for freight purchase orders that are exempt from tax. Project Tax To select a tax code for projects, select this check box. Project Tax The default tax code for projects. |