Viewing Canadian Tax Reports
Before you start working with Canadian tax reports, it is important to take the following information into account:
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It is possible to have some differences between the transactions tax GL impact and tax amounts reflected on tax reports. The difference is due to rounding of tax amounts.
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Tax GL impact is calculated as follows:
Step
Details
1
Tax is computed for each item line.
2
Calculated tax amounts are rounded to two decimal places.
3
Rounded tax amounts for item lines are summed up.
4
Sum of rounded tax amounts is converted from the transaction currency to the subsidiary base currency.
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Tax amounts on tax reports are calculated as follows:
Step
Details
1
Tax is computed for each item line.
2
Calculated tax amounts are converted from the transaction currency to the subsidiary base currency.
3
Converted tax amounts are rounded to two decimal places.
4
Rounded tax amounts for item lines are summed up.
The following taxation reports are available for the Canadian edition: