You have subscribed to a wiki page or wiki category on "xTuple" for change =
The "EnhancedTaxInternationalization" page has been changed by jrogelstad:
* Terminology should be made consistent with other like functionality in=
=3D=3D New Terms and Definitions =3D=3D
+ . '''Tax Area'''
+ * A geographic are that has specific tax jurisdiction and tax assignmen=
ts. Tax assignments are assigned on a tax area and tax type basis to deter=
mine what tax structure to apply to a given item. Tax area will replace th=
e position of Tax authority on previous versions of xTuple.
. '''Tax Assignments'''
- * Tax assignments map tax authority and tax type combinations to multip=
le tax codes. Formerly known as tax selections.
+ * Tax assignments map tax area and tax type combinations to tax codes. =
Formerly known as tax selections.
+ . '''Tax Authority'''
+ * An organization to which collected taxes will be paid. Formerly asso=
ciated with customers, vendors, shipto addresses and many document headers,=
tax authority will now be designated on specific tax assignments to allow =
for the possibility of multiple tax authorities being involved in a single =
+ . '''Tax Class'''
+ * A list of user defined tax classes may be created that can be assigne=
d to tax codes. It is primarily a grouping mechanism that can be used for =
. '''Tax Code'''
- * A single tax item that includes a G/L account mapping. Formerly tax c=
ode contained 3 fixed tax items A, B and C with a single percentage rate.
+ * A single tax item that specifies a G/L account mapping and tax rate. =
Formerly tax code contained 3 fixed tax items A, B and C with a single perc=
. '''Tax Rate'''
- * A tax rate determines the amount of tax that a tax item collects. The=
amount may be a percentage or a fixed amount. Tax rates have effective dat=
es and many can be associated to one tax item. However, only one rate may b=
e effective in any given date range.
+ * A tax rate determines the amount of tax that a tax code collects. Tax=
rates have effective dates and many can be associated to one tax item. How=
ever, only one rate may be effective in any given date range.
=3D=3D Related Existing Functionality =3D=3D
The new functionality described in this document builds on existing funct=
ionality described in TaxBasics.
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