JENOGVAT Norwegian VAT Reconciliation Report: Discrepancies Between Entered Rate And Calculated Rate
(Doc ID 334625.1)
Last updated on DECEMBER 03, 2019
Applies to:Oracle Financials for EMEA - Version 188.8.131.52 to 184.108.40.206 [Release 11.5]
Information in this document applies to any platform.
In the Norwegian VAT Reconciliation Report output there is a discrepancy between values printed under column "Entered rate (%)" and "Calculated Rate (%)"
if taxable amount is 17,85 and defined tax rate is 25% then the amount of calculated taxes is:
17,85 * (25/100) = 4,4625 rounded by the system to 4,46
In the output JENOGVAT you will have:
Entered Rate % = 25,00%
Calculated Rate % = (4,46/17,85)*100 = 24,985994... => 24,99%
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