Any idea why Taxbase amount & Tax currency base amount showing 0 for tax code with deductibility 0%. I have observed this behavior after upgrading to IFS10 UPd19, UPD7 it was okay. we were having value updated in Taxbase amount & Tax currency base amount and non deductible tax amount.
Hi,
Yes, I’ve found that change was done in patch 162380 (UPD15) - Rollback of bug 125984 - Changed Handling of Tax Base Amount in Tax Transactions when Tax Base Amount method is set to Reduced and Deductible (%) = 0%
Description:
This bug will rollback the correction of bug 125984.
If you use tax codes with Deductible (%) set to 0 in the Tax Codes windows and Tax Base Amount parameter is set to Reduced in the Tax Ledger, consider changing Tax Base Amount to Original after applying this patch.
Tax Base Amount parameter under Tax Received not Fully Deductible section in the Tax Ledger Parameter window allows to select a method to control tax base amount of the tax transaction. There are three options: Original, Reduced (default) and Cost. The following is stated under field description for the first two options
* Original: The amount on which tax is imposed will be used.
Reduced: The amount will be used, but it will be adjusted in a way that the deductible tax amount as a percentage of the net amount is always equal to the specified tax percentage.
Example – Partly Deductible Tax
If Net Amount 1000 and Deductible (%) is 25%
Method = Original: Tax Base Amount is 1000
Method = Reduced: Tax Base Amount is 250
Example – Fully Non-Deductible Tax
If Net Amount 1000 and Deductible (%) is 0%
Method = Original: Tax Base Amount is 1000
Method = Reduced: Tax Base Amount was 0 before correction of bug 125984 in 2015.
Method = Reduced: Tax Base Amount is 1000 after correction of bug 125984 in 2015.
So from the bug correction 125984 behavior of the option *“Reduced”* was changed for deductible % = 0% and it is now inconsistent with scenarios when tax is partly deductible.
Past Data Handling:
No changes will be done for transactions already fetched to Tax Ledger. No manual script is included to update existing tax transactions and basic data setup.
Make sure to have all vouchers updated to GL and all tax transactions fetched to Tax Ledger before applying this patch.
If Reduced option was used for Tax Base Amount in Tax Ledger, verify if Reduced or Original should be used after applying this patch
So you have to check Tax Ledger Parameter which option to use.
Best Regards,
Pawel Dworzynski
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.