How to set up 'Inclusive tax'?

It is my understanding that with version 1.3, 'inclusive tax' now allows you to set a tax which is deducted from the total invoice and is to be paid by the customer to their own tax authority. (I personally know this as 'withholding tax', used in several African countries.)

I use hosted Akaunting. It is not clear to me how I set this up for an invoice. 

So, how do I set this up?

Is there no one who can shed a light on this?

Hello Babak

I have found with Au GST you have to go to

Setting: Then add you tax type and rate there. Then under

Income: then Customers: you would add the details here and set the required Tax Rate%  which would the assign the correct percentage rate.

The go to Income: then Invoice and add a invoice.

Now the odd thing is that this will work and display all your details on the invoice. If you then go to 

Reports: then Tax summary: it should show your tax liabilities.

Something to be aware of is that if you enter an amount into

Income: then Revenues there is no actual link between the Revenue amount entered and the tax liability yet you are still using the same client which has a tax rate entitled to them. In my eyes the Revenue data entry should be avoided if you are working with a tax oriented invoice.

If you have an invoice that attracts no form of taxation then you would set a tax rate of

Non-GST %0.00 and assign it to the individual invoice as you see fit.

The above observations are also appilcable to the Expenses section, for example using the Bills: entry page will assign your costs and tax liability etc to the correct tables in Reports: Tax Summary

If you enter the same thing into the Expenses section then Payments: that payment even if you intended to assign a tax to the transaction from the Vendor will not show up in the Reports:Tax Summary. Once again stick to entering your expenses into the Bills: part of Expenses.

Hope this helps, good bit of sotware too.

Keith

Thanks Keith,

I don't have an issue with setting the GST.

But, I also don't have an option to set a tax rate per customer.

Nor can I set an 'inclusive tax' for a particular invoice.

Keep in mind that 'inclusive tax' is not a tax liability of mine, but of my client.

And perhaps worth mentioning: I'm using the hosted version of Akaunting (though I thought the hosted version is just the latest downloadable version).

Hello Babak,

I have this running on my own domain and also tried on my local machine using LAMP. I just had a look and I can definitely assign a individual tax rate to a client at the writing of the invoice. Also can assign the tax rate to a customer.

The wording is strange under customer Tax ¨Number¨ which implies an identifing number like an Australian Business Number (ABN) yet the form shows a percentage sign which denotes a Tax Rate.

I think I worded the liability part wrong as I am trying to get this to do the calcs right for an AU BAS which places certain expenses into Cap Tax regime.

For me, the 'Tax number' is also identified with a % sign. But, entering an actual tax number (with periods and letters) does not cause an issue.

A screenshot of my invoice editing screen. I do not see a place to set the inclusive tax:

https://babasprojects.com/nextcloud/index.php/s/HNg5GaRmi6LZJH3

Hello Babak,

If you enter your Tax Rates in via the Setting menu they will appear as a drop down list in the invoice.

Setting tax rates

Boom!

That hit the right spot!

Thanks for the help, Keith!