<?xml version="1.0" encoding="utf-8"?>
<OptionList ID="/baanerp/tc/domains/tvat" xml:lang="en">
   <Header>
      <Title>Tax Type</Title>
   </Header>
   <List>
      <ListItemHead>Normal</ListItemHead>
      <ListItem ID="normal">
         <Paragraph>The tax obligation arises at invoice creation. LN adds the tax amount to
		the net amount, which results in the gross amount on invoices. Furthermore, LN directly includes the
		chargeable or payable tax amount in the tax analysis in <GUIRef href="/baanerp/tf" role="package">Financials</GUIRef>.</Paragraph>
      </ListItem>
      <ListItemHead>Shifted</ListItemHead>
      <ListItem ID="shifted">
         <Paragraph>LN does
		not add the tax amount to the net amount, but posts it to the Purchase Tax
		account or the Sales Tax account. Simultaneously, LN generates a reverse
		entry on the Shifted Purchase Tax account or the Shifted Sales Tax
		contra-account in <GUIRef href="/baanerp/tf" role="package">Financials</GUIRef>. You define these accounts in the tax
		code posting data sessions.</Paragraph>
         <Paragraph>In the tax analysis, the tax amount is included twice: once as
		an entry on the tax account, and once as a reverse entry on the shifted tax
		account.</Paragraph>
      </ListItem>
      <ListItemHead>On Payments</ListItemHead>
      <ListItem ID="on.payments">
         <Paragraph>The tax obligation arises when the invoice is paid. This tax is
		paid in the same way as normal tax, but only becomes reclaimable or payable
		after the invoice has been paid. The tax is posted to an interim account and
		will only be transferred to the real tax account when the invoice is paid. If
		this type of tax is used in another type of transaction, the tax amount is
		directly posted to the tax account.</Paragraph>
      </ListItem>
   </List>
</OptionList>