[Accounting] Advanced tax configuration - Base of the subsequence

Question

Prerequisite:  This article contains detailed information on tax
setup and cash basis tax functionalities. The screenshot attached is specific
to version 17 and the USA localization; however, the process should apply to
most versions.
Purpose: Odoo provides a solution for calculating taxes with a
hierarchy in cases involving a combination of fixed and percentage-based taxes.
Workflow and outcome:

Pei Hua Tsai (pht) · Accepted Answer

Workflow and result A company is selling a battery and is required to pay an
environmental fixed tax (Eco-tax). The VAT (tax percentage) should include the Eco-tax.
The battery price is $130.
Eco-tax is $4.5
VAT is 21%
We expect to see the total amount after tax to be 162.745
Pre-tax $130
Tax 21% = $28.245 = (130+4.5) * 0.21
Total = $162.745 =(130+4.5) * 1.21

Configuration
1. Create the eco-tax (fixed) (affect the base of
subsequence tax)

2. Create a VAT tax on the sales.

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Purpose:

Workflow and result

Configuration

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