Example: Invoice Minimum Calculations
Invoice minimum for tax XXX = 500
Percentage of tax XXX = 10 percent
Invoice total without taxes = 5100
Because the invoice total without taxes (5100) is greater than the minimum (500), the tax is calculated as 5100 *.10 = 510. If the invoice total without taxes had been less than 500, the tax would not be calculated.
Note: The minimum tax value is expressed
by using the company's base currency.