Item Model and Tax Denomination Setup

You may optionally set up the Item Model and Tax Denomination attributes if you want.

The Chinese VAT regime classifies items by these attributes:

• Item Model
• Tax Denomination

For creating the VAT invoice, these attributes are optional. If tax denomination is not entered on receivable transaction line or inventory item, then 0 is defaulted during the transfer. If needed, you can also update tax denomination and item model using the Golden Tax Invoices workbench.

You may maintain Item Model and Tax Denomination in Receivables Invoice Line fields or inventory master item GDF.