Assigning a Tax Item Type
Tax Reporting Framework supports assigning a Tax Item Type only on Journal Entries.
Some countries require further classification of goods or services on the VAT/GST reports. To classify an item for VAT/GST reporting as goods or services, you must first assign a Tax Item type to the item on the transaction record. You can then use the Tax Item Type as an item filter on the tax return template to identify which transactions to include on the tax report. For more information about using tax return filters, see Customizing Localized Tax Returns.
To assign a Tax Item Type, go to the Items subtab of the transaction record. In the Tax Item Type column, select the item type.
The Tax Item Type column is available for accounts with SuiteTax on Journal Entry records.
Related Topics
- Installing Tax Reporting Framework
- Roles and Permissions in Tax Reporting Framework
- Setting Up Country Tax Reporting Preferences
- Generating Localized Country Tax Reports
- Viewing a Generated Country Tax Report
- Making Adjustments on a Country Tax Report
- Exporting a Country Tax Report
- Electronic Tax Filing in Tax Reporting Framework
- Customizing Localized Tax Returns
- Country Tax Reports in Tax Reporting Framework
- Tax Reporting Framework Error Codes
- Known Limitations of Tax Reporting Framework