Rounding of VAT Amounts

The standard JD Edwards EnterpriseOne software calculates VAT amounts for each sales order line or accounts receivable pay item line. However, Taiwan law requires that the VAT be calculated for each GUI, which might include more than one line. Also, you might have more than one transaction associated with a GUI number.

When you enter VAT amounts when you use the Standard Invoice Entry program, GUI/VAT Transactions program, Journal Entries program (P0911), or Journal Entries with VAT program (P09106), the system stores the tax amounts for each sales order line or accounts receivable pay item line in the GUI/VAT Tax Rounding table (F75T016). Then, when you complete the entry of the transactions, the system accesses the accumulated tax amounts that were written to the F75T016 table and rounds the amounts to the required decimal position. The system writes the rounded amount to the Taxes table (F0018) and to the F75T005 table.