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WS: FIN: How the System Calculates GST/PST and Non-recoverable VAT (Doc ID 654521.1)

Last updated on DECEMBER 17, 2019

Applies to:

JD Edwards World Accounts Receivable - Version A7.3 cume 4 and later
JD Edwards World Accounts Payable - Version A7.3 cume 4 and later
Information in this document applies to any platform.


To describe how the JD Edwards World system calculates non-recoverable VAT (value added tax) for tax explanation codes V, B and C. For comparison purposes, each example uses a tax rate area that excludes and includes non-recoverable VAT tax.


Not applicable. 


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In this Document
 How VAT Works
 Non-recoverable VAT
 Canadian GST/PST
 Automatic Accounting Instructions
 Setting Up a Tax Rate Area with Non-recoverable VAT
 Examples of Tax Processing for V, B, C
 Tax Explanation Code V -VAT
 Tax Explanation Code B - VAT + Use
 Tax Explanation Code C - VAT + Sales

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