Re: NEED taxes on taxes here

[Andre F. M. <and...@te...>]

Hello, Dieter:
Many thanks for your answer.
As I am not an accountant, I will "try" to explain the insane complexity=
.
In Brasil, until yesterday, we suffer 57 different taxes (help!), at=20
city, state, country level.
Not all of them apply to all products or services.
The ones that apply to a certain product or service, must be applied at =

an exact order.
Lets say,=20
value 1 =3D cost with tax 1 and tax 2 included.
Value 2 =3D value1 + tax 3 on top.
Value 3 =3D value 2 with tax 3 and tax 4 included.
Value 4 =3D value 3 + tax 5 on top
value 5 =3D value 4 + tax 6 on top
etc, etc, etc....
Final price =3D value x + tax y on top (or included).

They apply tax on tax, included and on top at a fixed sequence for each =

kind of product or service.
Each tax must have an account, with closed balance at fiscal month end.
When a component is purchased, all applied taxes go to a tax account.
When the product is finished product is selled, the suitable applied=20
taxes go to the taxes account. Each tax have a balance sheet.
At fiscal month end, we all have to pay the tax balance dues....

Is there an easier way to configure this tax nightmare?
This tax adjust seems to be very error prone...
Any help from a brazilian accountant here?

Many thanks
Andr=E9 Felipe




>>>>>>>>>>>>>>>>>> Mensagem anterior <<<<<<<<<<<<<<<<<<

No dia 04/06/01, 16:22:42, Dieter Simader <dsi...@sq...>=20
escreveu o seguinte sobre o tema Re: NEED taxes on taxes here :


> Tax on tax can be managed by adding the tax to the tax.

> i.e first tax @ 7% second tax @ 8%
> 8% would effectively be 8.56%

> If taxes are tax on tax as well as tax included you'll have to adjust =
the
> tax rates accordingly.

> Tax included applies to all taxes and not just one or the other.


> Dieter Simader    http://www.sql-ledger.org   (780) 472-8161
> DWS Systems Inc.     Accounting Software       Fax: 478-5281