E1: 15: Lessee Accounting - Partial Deductible Tax Not Working Correctly
(Doc ID 2554499.1)
Last updated on NOVEMBER 08, 2019
Applies to:JD Edwards EnterpriseOne Real Estate Management - Version 9.2 and later
Information in this document applies to any platform.
If recurring billing has a tax explanation code of 'AR'. The non-deductible tax amount is based on the Gross Amount.
When entering a record in the recurring billing (P1502) with Tax explanation code 'AR' and a tax rate area of which the tax is partially deductible the PVLP is not calculated correctly.
For example tax rate is 20% and of that 50% is non-deductible
Gross amount is 1000, tax explanation code is 'AR'
Tax amount will be 200 of with 100 is non-deductible.
The PVLP should be calculated based on the amount entered in the gross amount 1000 and the non deductible tax amount of 100, which is a total of 1100.
But the PVLP is calculated based only on the gross amount.
Have the ability to enter a percent of VAT that is not recoverable, in Tax Rate/Area Information program (P1508). The functionality for P1508 should mirror P4008 Tax Area Definition
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