DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

Tax Code Liability Account Option


#1

Hello @lubos in the tax code creation stage it will be nice to be able to select the liability account to be the resting place for the tax code
In some countries we have many types of taxes. e.g gift tax, sales tax, Capital gains tax, dividend paid. having a place they can all rest will help the user


#2

I agree. In my jurisdiction, four different taxing authorities all impose a sales tax. The current situation allows a single application of the sales tax, with the breakdown visible to the customer. But they all go to the same liability account, whatever that has been renamed. At payment time, it is laborious to back everything out.

It also gets complicated if a customer is exempt (because of non-profit status, location, etc.) from one tax but not from all.