Line Level Details for Simulated Transaction Lines

Use the Tax Line Details page to review the calculated tax lines with the corresponding tax configuration details for each transaction line.

Open the Tax Line Details page by clicking the View Tax Lines button on the Simulator Transaction pages from the Manage Simulator Transactions task.

Details include:

Tax regime, tax, tax jurisdiction, tax status, tax rate code, and tax rate
Tax amount and taxable amount
Tax enabled status
Indicators such as: inclusive, self-assessed, manually entered, and tax only line
Calculated tax amount and tax base modifier rate
Legal justification text
Place of supply

For the tax lines associated with each transaction line, you can review the attributes that are specific to each tax line, such as:

Rounding rule
Inclusive
Minimum accountable unit and tax precision
Tax rate modification

Rounding Rule

The Rounding Rule dialog box shows the rounding details for the transaction line. The rounding rule is:

Used to round off taxes to the minimum accountable unit.
Derived based on the rounding level specified in the hierarchy visible in the dialog box with level one taking precedence over level 2 and so on.

When the rounding level is at the:

Header level, rounding is applied to calculated tax amounts once for each tax rate per invoice.
Line level, rounding is applied to calculated tax amounts on each invoice line.

Inclusive

The Inclusive dialog box shows the setup related to enforcing inclusiveness or exclusiveness of tax on a transaction line by order of precedence.

The inclusive details for the line number are:

Precedence: The level 0 precedence is the highest, overriding all other values and level 5 precedence being the lowest or the default if none others are populated.
Inclusive: The values are Yes or blank with blank meaning an option wasn't selected for inclusive handling.

If the transaction input value tax inclusive is set to Yes this means this option was overridden directly on the transaction.

Minimum Accountable Unit and Tax Precision

The Minimum Accountable Unit and Tax Precision dialog box shows the derivation of these values by precedence:

Minimum accountable unit is the smallest unit a tax amount can have.
Tax precision is a one-digit number that indicates the number of decimal places to which to calculate a tax.

For example, a precision of 0 rounds to a whole currency. To round off a calculated tax amount of 1.366 to 1.37, define:

Tax precision of 2
Rounding rule of Up or Nearest
Minimum accountable unit of .01

If the results aren't what you expected, the dialog window gives you more information on the source of the definitions. The precedence of 1 is the highest with the definition at the currency level superseding the definition at the tax level.

Tax Rate Modification

The Tax Rate Modification dialog box identifies if any applicable rate adjustments are applied. The dialog box displays:

Tax rate name
Tax rate before modification
Attributes to identify if exemptions or exceptions or both are applied
Tax rate after each of these modifications

For example, you can see if an exemption was applied to the original tax rate.