Tax Definitions

Many transactions can be made due to the tax definitions made on the parameters screen.

Route: Dashboard > System > Parameters

Tax Types

Tax Types definitions are made by giving details such as calculation type and formula. These changes are made on the Dashboard > System > Parameters > Tax Types page.

VAT Rates

Value added tax is the tax levied on expenditures according to the rates determined by the laws. You need to define the VAT rates you need to use in the records you make on the Dashboard > System > Parameters > VAT Rates page.

Before defining VAT rates, you must define the accounting accounts related to VAT rates in the system and then associate them with the VAT rate.

If you are using E-Invoice, you must also select the tax code related to the VAT rate.

Withholding Rates

Withholding rates are added via Dashboard > System > Parameters > Withholding Rates page.

The VAT withholding application is the declaration and payment of the tax calculated on the delivery or service fee, not by the deliverers or service providers, but by those who are the addressees of these transactions, as tax responsible.

In the VAT system, there are two types of withholding applications: Full Withholding and Partial Withholding.

Full withholding if the entire tax calculated on the transaction price is declared and paid by the addressee of the transaction; Partial withholding is defined as the declaration and payment of the part of the calculated tax determined by the Ministry of Finance, by the addressee of the transaction, and the other part by the person performing the transaction (delivery or service).

SCT Ratios

You can use the Settings > System > Parameters > Special Consumption Tax page path for Special Consumption Tax and Special Communication Tax definitions.

If you are using E-Invoice, you must also select the tax code related to the SCT rate. SCT is generally used in the invoice module and fixed asset module, and SCT is used in the expense management module. In order for SCT to be included in the VAT base in the invoice module, the relevant option must be selected in the relevant basket template definitions (System > System Management > Basket Templates). While adding purchases in the fixed assets module and adding expenses in the Expense module, the SCT is added to the VAT base parameter is in the page settings options.

In the Cost module in the picture above;

1. By going to Page settings,
2. You can select this option yes/no according to your usage.

Withholding Rates

Withholding Tax Rate; It is the case of withholding tax before the income is yet in the hands of the owner. Withholding tax is requested from the taxpayer, not from the principal debtor. Payer also pays taxes. For instance; employee salary, housing rented by the firm, self-employment amount paid to lawyers, etc. You can define withholding rates with Dashboard > System > Parameters > Withholding Rates page.

You can define the withholding accounting code and, if you are using E-Invoice, the tax code and save the withholding.