Trần Lê Hà Anh Import & Export Đã xuất bản: 28/05/2021 Lượt Xem: 105

Step 1: Access module “Foreign Trade” >> Select menu “Configuration” >> “Settings” >> Select “Create”.

Step 2: The Tax configuration form shall show up. 

Fill in the compulsory fields, denoted in the color light purple. These files include:

  • Tax name: Fill in tax name. E.g: Import tax 20%

  • Tax scope: Choose tax scope to be “Purchases” since you are creating import tax. If you are configuring for export tax, simply switch the tax scope to be “Sales”

  • Tax computation: there are 4 options to choose from

Move the mouse pointer to the “Tax computation” field to see a more comprehensive explanation of each option 

  • Amount: the “Amount” field will change accordingly to the “Tax computation” field. It is denoted in amount if you choose “Fixed” in “Tax computation”, denoted as a percentage (%) if you choose “Percentage of price” or “Percentage of price tax included”, or do not show up if you choose “Group of taxes”. 

Step 3: Tick in the “Active” checkbox if you want to use this tax, untick when you want to hide the tax but don’t want to delete it. 

Step 4: In the “Definition” tab, choose the account you want to post your import tax entries 

Step 5: In the “Advanced Options”, there are 3 fields suggested to be filled, including:

  • Label on Invoices: fill in how you want the tax to appear on the invoice 

  • Tax group: simply choose “Taxes” 

  • Affect Base of Subsequent taxes: tick the checkbox if you want this tax will be used as the base for subsequent Taxes on imported/exported goods.

Upon finishing, click “Save” to save all the changes you have made so far.

Step 6: Set up “Value Added Tax” on imported goods by following the same steps, however, note these differences. 

  • Choose journal entry to post VAT and its counterpart account for deductible VAT

  • Tax group now is VAT 10%, “Is VAT” checkbox will automatically be checked once you choose this group.

  • Untick the “affect base of subsequent taxes” checkbox because you don’t want to use this tax as the base for any other taxes.

Refer to the picture below for more details.