Taxes

Taxes can be added to sales, purchase, freight and service contracts. See Specify a Tax for a Set of Contract Terms and Specify a Tax for a Service, Freight or Finance Contract.

Taxes can also be added to cost templates, costs and budgeted costs. See Costs and Service Charges and Cost Templates.

Tax Basis

If Tax Determination is by:

• Percentage—Basis can be selected from:
  • Invoice Total—Tax is calculated with the formula Invoice Value * Tax %
  • Payable Total—Tax is calculated with the formula Payable Amount * Tax %
  • Incremental Value—Tax is calculated with the formula (Invoice Value – Previous Invoice Value ) * Tax %
• Value Per Mass—Basis can be selected from:
  • Gross Mass—Wet mass of the material
  • Net Mass—Dry mass of the material

Examples: The following examples assume that in the set of contract terms, Payment Term Concept is:

• Total Amount for the Payable Total and Invoice Total examples
• Net Amount Before Adding Tax for the Incremental Value example

The combination of Payment Term Concept = Net Amount Before Adding Tax and Tax Basis = Incremental Basis makes the maximum tax payable in the provisional invoice.

Provisional Invoice

Basis	Invoice Value	Payable Percentage	Payable Amount	Tax Formula	Tax Formula	Tax Value	Total Tax Value	Total Due Amount
Payable Total	1000	90%	900	Payable Amount * Tax %	900 * 10%	90	90	990
Invoice Total	1000	90%	900	Invoice Value * Tax %	1000 * 10%	100	100	990
Incremental Value	1000	90%	900	(Invoice Value – Previous Invoice Value) * Tax %	(1000 – 0) * 10%	100	100	1000

Final Invoice

Basis	Invoice Value	Payable Percentage	Payable Amount	Tax Formula	Tax Formula	Tax Value	Total Tax Value	Total Due Amount
Payable Total	1200	100%	300	Payable Amount * Tax %	300 * 10%	30	120	330
Invoice Total	1200	100%	300	Invoice Value * Tax %	1200 * 10%	120	120	330
Incremental Value	1200	100%	300	(Invoice Value – Previous Invoice Value) * Tax %	(1200 – 1000) * 10%	20	120	320

Video

A Datamine consultant recorded this video about taxes in MineMarket.