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I would like to create a tax that allows only profits to be taxed. Why ? Because in France there is a tax called "Margin VAT" applied to second-hand products or only the profit is taxed. Example I buy a second-hand product for 100€ and resell it for 200€, only the profit (so 100€) is taxed at 20%, therefore a tax of 20€ and not 40€. Thank you for your help.
Hi,
In Odoo, the standard VAT mechanism calculates tax on the total sale price, so implementing a margin-based tax requires customization. This would involve creating a new tax type or logic that computes the taxable base as the difference between the sale price and the purchase cost of the product. The system would then apply the defined tax rate to this margin to generate the correct tax amount.
This setup is particularly useful for businesses dealing with second-hand goods, used products, or scenarios where only profits should be taxed, ensuring compliance with French Margin VAT regulations while maintaining accurate accounting and reporting in Odoo.
Hope it helps
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Hello Jonathan,
Did you find any fix to this ?
Thank you
HI,
No i just dont add tax i let tax field empty.