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In support of Goods and Services tax, Harmonized Sales Tax, Provincial tax legislation, and related rebates, MTD contains the following features:
Calculates and distributes more than one tax at the distribution line level in
Accounts Payable
Support more than one rebate per Base Tax for each Tax Credit
Support inclusive and exclusive tax calculations for MTD Tax Groups or Simple
Tax
User may define the Chart of Accounts Segment to be used in defining Tax
Credit Code Assignments
Define Tax Credit Code Assignments by Range
Define one or more Tax Rebate Percentages and Accounts for each Tax Credit Code
Allows a user to enter one MTD Tax Group per invoice at the line level