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Re: Accounting best practice: change VAT rate

by
Torvald Baade Bringsvor, Torvald B. Bringsvor
- 12/17/2015 02:09:52

Thanks for all the good suggestions. I'll consider the tax update module but it may be a bit overkill. We don't use fiscal positions yet so that is not an issue. And as I said earlier we do not send invoices with this tax.

I'll keep you posted.

Torvald

16. des. 2015 19.18 skrev "Daniel Blanco" <daniel@blancomartin.cl>:
Torvald, 

Additionally, you should have VAT definition for sales and for purchases separatedly. So, there should be:

VAT Sales 8% (the current one)
VAT Sales 10% (new tax)
VAT Purchases 8% (the current one)
VAT Purchases 10% (new tax)

In the accounting, both sales taxes, should point to the same account, unless there is a special requirement to have them separated each other. Same for both purchases taxes.




Quedo atento a sus comentarios. Saludos:



Ing. Daniel Blanco
Director
Blanco Martín & Asociados
Skype: hdanielb
Twitter: hdanielb

Chile: 
Blanco Martín EIRL
Apoquindo 6410 Of 212
Las Condes - Región Metropolitana

Argentina:
BMyA S.A.
Nicasio 6970. Córdoba
Argüello - Córdoba




2015-12-16 10:59 GMT-03:00 Gustavo Orrillo <gustavo.orrillo@moldeointeractive.com.ar>:
Hi Torvald,

In Argentina we have different tax rates for VAT. Therefore we have multiple taxes in Odoo, on for each percentage. For instance, we have three different rates: 10.5%, 21% and 27% (no wonder this country is going to the dogs). Therefore we have three taxes defined in Odoo:

IVA (spanish translation for VAT) 10.5%
IVA 21%
IVA 27%

Hope this helps,

On Wed, Dec 16, 2015 at 9:04 AM, Torvald Baade Bringsvor <torvald@bringsvor.com> wrote:
Hi

Here in Norway we'll have a change in one of the VAT rates from January 1st, from 8% to 10%. The change is supposed to be applied for goods delivered after January 1st.

So what would the best way be to handle this? It seems to me that a new VAT rate has to be created for the 10% so that the accountants can choose themselves when sending invoices if an invoice should have 8% or 10%. And also when receiving supplier invoices we need to be able to handle both for a period.

Does this seem reasonable or is there a better way? I mean I'll probably have to test the VAT report to ensure that everything runs smoothly...

Torvald Baade Bringsvor
Bringsvor Consulting AS - Odoo (formerly OpenERP) implementation partner

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