Hi @RazanRamzy ,

Have you defined any value for  Max Overwriting Level on Tax on Company window > Tax Control Tab > General Tab.

Best Regards,

Kithmini

Hi Kithmini,

Thank you very much for your response.

Yes, a value of 0.05 is being defined in the In Acc Curr field.

Best Regards

Razan

Hi Razan,

If that is the case, it must be due to the maximum overwriting level on tax. I suggest modifying this value and see whether it resolves the issue.

Regards,

Kithmini

Hi Kithmini,

In this case, the tax rate is 22%, out of which 40% is deductible. 

Gross Amount - $167.85

Net Amount - $137.58

Tax Amount - 30.27

Value defined in the In Acc Curr field is 0.05.

Tax

Tax Deductible = (30.27*40%) = $12.11

Tax Non Deductible = (30.27*60%) = $18.16

Based on the above calculation, any idea what would be the value that we have to use in the In Acc Curr  field?

Best Regards

Razan