Hello,
There is a G/L Account tab in MIRO, though the GL account you choose cannot
be automatic postings as most VAT accounts are. Check the GL account in
FS00. Also you need to have a DR and CR, so two GL accounts, as normally
the offset is to vendor and tax.
My clients have generally done all the tax afterwards, by creating special
VAT tax codes that are entered into the PIR ME12 for the import vendor &
material. They then flow through into MIRO and FI.
Further, who decided to use ZOA1 as a condition type in MM?
Regards
Waza
-----Original Message-----
From: Mag Sai via sap-log-mm
To: wnash7658
Sent: 31/07/10 12:02
Subject: RE:[sap-log-mm] China - Custom Tax, VAT Tax Handling
Posted by
Mag Sai
on Jul 31 at 12:30 AM
<http://it.toolbox.com/api/ContentVote/3668742/1/1/ > Mark this reply as
helpfulMark as helpful
Hi Waza,
Thanks for your valuable reply!
Yes, I am in consulting firm.
I would understand your suggestion that no tax code in PO. Then, may
manually create debit note to pay VAT amount.
For my client requirement, tax code want to input in PO. Then, do LIV,
tax amount is post to Tax GL account. But, tax amount also post to
vendor AP account.
Would have any way that tax amount do not post to vendor AP account?
Material price: 100
VAT tax = 100*17% = 17
Current LIV amount = 100 VAT tax
Cr: 117 Vendor AP account
Db: 100 GR/IR
Db: 17 Tax GL account
The requirement is to post 100 to vendor AP account, but the problem is
that how to handle extra 17 dollars.
Would have any advise or experience sharing about China Import
Purchasing for Domestic Sales scenario?
Thanks a lot for your help!
Mag
---------------Original Message---------------
From: Mag Sai
Sent: Thursday, July 29, 2010 12:00 PM
Subject: China - Custom Tax, VAT Tax Handling
> China - Custom Tax, VAT Tax Handling
>
> Hi SAP friends
>
> I have the problem of Import custom tax and VAT tax for purchasing.
>
> It is Domestic Sales scenario. Need to purchase material from oversea
vendor.
> Oversea vendor sell material to China company RMB 100 per PC.
> Mainland company needs to pay custom for custom tax 20% and the custom
tax is non-deductible. Custom tax is 100*(20%) = RMB 20.
> Then, Mainland company needs to pay China government VAT tax(17%),
> VAT tax is 100*(1+custom tax)*(VAT tax)-100 = 100*(1.2)*(1.17) - 100 =
40.4
> So, VAT tax amount = Material price * custom tax * VAT tax
>
>
> In PO, I use ZOA1 custom condition type to input Cutom tax amount for
Custom tax and input Tax code for VAT tax.
> When good receipt, RMB 120 post to Material stock account. RMB 100
post to GR/IR. RMB20 post to custom account
> It still be fine.
>
> When do LIV, RMB 100 clear GR/IR. RMB 17 post to VAT tax account
because it use RMB 100 as base amount to calculate VAT tax. RMB117 post
to AP vendor account.
>
> Actually, mainland company only pays RMB100 to oversea vendor and the
Tax amount should be include Custom amount. Corrrect VAT tax amount is
100*(1.2)*(1.17) - 100 = 40.4 (use RMB120 as base amount to calculate
VAT tax), but not only RMB 17 . But, in LIV payment to vendor now is
RMB120. It is not fulfill the requirement of mainland company.
>
> Do anyone have experience about China Import purchasing material. And,
would share how to settle the payment of vendor and how to make use
(Material price + Custom tax amount) as base amount to calculate VAT tax
amount?
>
> Thanks a lot for your help!
>
> Mag
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