https://localizations.manager.io/start?FileID=U291dGggQWZyaWNh

I was trying to achieve what is on that form attached. pg-2-3.pdf (363.4 KB) Currently I have to manually separate such any transactions that are not the normal VAT 15% when I am doing returns.

[image] lubos: I’m not sure naming is correct. Could you please create sample transactions how each tax code is realistically being used? The naming matches what is needed when submitting the VAT returns [image] lubos: Especially, tax codes that can be used on invoices, when viewing the …

If there could be a way to use custom name as we do on the invoice it would assist to replace the name of the VAT type with a more friendly one.

[image] Panashe_Mlambo: it would assist to replace the name of the VAT type with a more friendly one To present data for a VAT return, a report transformation should be used In a report transformation a longer description of each number is typically given to correspond the the tax author…

@Panashe_Mlambo I can see you’ve done some improvements. It looks better now. Can we have realistic sample transactions for each tax code? There are still 7 tax codes not being used in any transaction. You will discover that some tax codes are not correct yet. For example [image] 100% tax code i…

@lubos Regarding Imported Capital Goods (Fixed Asset purchases): I am not familiar with the Pass-through tax rate mechanism and would have used the Custom 100% single rate as Panashe has it. The same principle would apply to Imported Non Capital Goods (Trading stock). Here is how the VAT needs to be…

I also understand that the localisation caters for chart of account codes. Chart of Account codes are not strictly regulated, but it would make sense to have a more extensive list in the localisation. I would like to contribute towards this. @Panashe_Mlambo would you be interested for us to work tog…

[image] Morne_Kruger: I am not familiar with the Pass-through tax rate mechanism and would have used the Custom 100% single rate Read the section of this Guide on custom tax codes: https://www.manager.io/guides/8901 . [image] Morne_Kruger: any business in South Africa with a turnover of l…

[image] Tut: Read the section of this Guide on custom tax codes: Thank you for your reply Tut. I have read the guide again. What had me a bit confused is this statement: " the tax is paid to the tax authority" The VAT is not paid directly to our tax authority, but to a clearing agent being a …

[image] Tut: Your chart of accounts does not need to be different. Accounts may be unused, but zero-balance accounts can be suppressed. And as a business grows above the threshold, Manager will already be set up to handle the change. Yes, we don’t want them to be different, we want a more com…

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Panashe_Mlambo November 11, 2021, 3:54am 15

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