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.