| Multiple Tax Rates (tcmcs0133m000) |  |
| Use this session to maintain the multiple tax rates of a tax code and country combination. Note If you have started this session by zooming, you can only find and select a record. Before you can use this session you must first use the Multiple Tax Code Lines (tcmcs0535m000) session to assign a sequence number to the country and tax code combination. Related topics Example of maximum tax amount To set up the tax rates
Fields | Description
Country | The country.
Tax Code | The tax code.
Sequence No. | The sequence number of this part of the multiple tax code. Country code, multiple tax code, and sequence number together uniquely identify the tax to which the rates that you specify in this session apply. ERP LN assigns a sequence number to the multiple tax code part when you specify the tax details in the Multiple Tax Code Lines (tcmcs0135s000) details session.
Effective Date | The day and time on which the tax rate takes effect. Related topics To enter a date
Tax Rate | The tax percentage.
Maximum Tax Amount (Net) | The maximum tax amount that must be paid on the individual transactions. If the calculated tax amount exceeds the maximum tax amount, ERP LN replaces the calculated tax amount with the maximum tax amount. Related topics Example of maximum tax amount
Tax Base Amount (Net) | In certain jurisdictions, tax is charged progressively. Tax applies to a certain tax base amount at one rate and to any excess amount at a different rate.
Currency | The currency used to express the maximum tax amount and the tax base amount. This is the currency of the country where the customer and the tax authorities levying the taxes reside. The default value in this field is the reference currency. To calculate the tax due for a transaction, ERP LN converts the currency entered in this field and the transaction currency to the local currency of the supplier.
Rate for Excess Amount | The tax percentage applied to the excess amount. In certain jurisdictions, tax is charged progressively. Tax applies to a certain tax-base-amount at one rate and to any excess amount at a different rate.