Difference between revisions of "Multi-Tax system"
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(SUBTOTAL + TAX1) = 3.99 + 18% = 3.99 + 3.99 / 100 * 18 = 3.99 * 1.18 = 4.7082 | (SUBTOTAL + TAX1) = 3.99 + 18% = 3.99 + 3.99 / 100 * 18 = 3.99 * 1.18 = 4.7082 | ||
(SUBTOTAL + TAX1) + TAX2 = 4.7082 + 15% = 4.7082 + 4.7082 / 100 * 15 = 4.7082 * 1.15 = 5.41443 | (SUBTOTAL + TAX1) + TAX2 = 4.7082 + 15% = 4.7082 + 4.7082 / 100 * 15 = 4.7082 + 0.70623 = 4.7082 * 1.15 = 5.41443 | ||
'''Amount with Compound tax = 5.41443''' | '''Amount with Compound tax = 5.41443''' | ||
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in digits: | in digits: | ||
SUBTOTAL + (TAX1 + TAX2) = 3.99 + (18% + 15%) = 3.99 + 33% = 3.99 + 3.99 / 100 * 33 = 3.99 * 1.33 = 5.3067 | SUBTOTAL + (TAX1 + TAX2) = 3.99 + (18% + 15%) = 3.99 + 33% = 3.99 + 3.99 / 100 * 33 = 3.99 + 1.3167 = 3.99 * 1.33 = 5.3067 | ||
'''Amount with Simple tax = 5.3067''' | '''Amount with Simple tax = 5.3067''' |
Revision as of 08:28, 8 January 2010
This functionality is available from MOR 8
All prices and rates in MOR are without TAXES. That's a rule. Each user has TAX percent. By this TAX percent he gets charged when he makes payments or views his rates.
Multi-Tax system allows to have several taxes in final reports for users.
Compound Tax and Simple Tax
Lets say we have such taxes: T1, T2, T3 and T4. And some amount without tax X.
When it is check Compound tax, multiple taxes are calculated in following way:
Amount with Compound Taxes = (((X + T1%) + T2%) + T3%) + T4%
then if Compound tax is disabled then:
Amount with Simple Taxes = X + (T1% + T2% + T3% + T4%)
Example for Compound/Simple tax calculation
We have initial data:
SUBTOTAL 3.99 TAX1: 18% TAX2: 15%
Calculating when Compound tax is enabled:
Amount with Compound tax = (SUBTOTAL + TAX1) + TAX2
in digits:
(SUBTOTAL + TAX1) = 3.99 + 18% = 3.99 + 3.99 / 100 * 18 = 3.99 * 1.18 = 4.7082
(SUBTOTAL + TAX1) + TAX2 = 4.7082 + 15% = 4.7082 + 4.7082 / 100 * 15 = 4.7082 + 0.70623 = 4.7082 * 1.15 = 5.41443
Amount with Compound tax = 5.41443
Calculating when Compound tax is disabled:
Amount with Simple tax = SUBTOTAL + (TAX1 + TAX2)
in digits:
SUBTOTAL + (TAX1 + TAX2) = 3.99 + (18% + 15%) = 3.99 + 33% = 3.99 + 3.99 / 100 * 33 = 3.99 + 1.3167 = 3.99 * 1.33 = 5.3067
Amount with Simple tax = 5.3067
Example for Canada
As example we can take Canada which has GST and PST taxes which should be shown on Invoices/Reports/etc.
Taxes are applied to all newly created Users:
and Calling Cards:
If you changed taxes you can assign this to all Users/Calling Cards by pressing buttons bellow: