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tax

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Created by Edoardo C on 2011-09-23 09:36:32 Back to Topics

tax

Dear All,
 
in Italy we have a tax called "bollo" applied against other company that have an italian headquarter and are not under VAT treatment.
In this case we need to specify this amount into our invoices, how can we show it in SIS? Is it possible to create a new line item with the same combination charge category/charge code used for the performance debited, but with the amount of the "bollo"?
 
Thank you for your cooperation.
Replied by Ashley H on 2011-09-23 14:06:35

Hi Edoardo,

 

In this case you can provide it as a tax and name it ‘Bollo’.  SIS is very flexible for tax reporting either at the header or line item level.  So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it.

 

Hope this helps.

Rgds,

Ashley

Replied by Edoardo C on 2011-09-27 03:57:56
Dear Ashley,
 
we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account.
So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?

Thank you again!



From:
Posted: Friday, September 23, 2011 2:06 PM
Subject: tax

Hi Edoardo,

 

In this case you can provide it as a tax and name it ‘Bollo’.  SIS is very flexible for tax reporting either at the header or line item level.  So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it.

 

Hope this helps.

Rgds,

Ashley

Replied by Ashley H on 2011-09-27 10:16:05

Hi Edoardo,

 

In this case then yes – this is possible.

 

Best regards

 

From: Corsi Edoardo
Posted At: Tuesday, September 27, 2011 3:58 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax

 

Dear Ashley,

 

we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account.

So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?


Thank you again!

 


From:
Posted: Friday, September 23, 2011 2:06 PM
Subject: tax

Hi Edoardo,

 

In this case you can provide it as a tax and name it ‘Bollo’.  SIS is very flexible for tax reporting either at the header or line item level.  So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it.

 

Hope this helps.

Rgds,

Ashley

Replied by Edoardo C on 2011-10-12 07:04:34
Ashley,
 
to simplify the management of this particular case, is it possible to indicate the "bollo" in a new line item but using the general charge code "Misc"?
Thanks!
 

From:
Posted: Tuesday, September 27, 2011 10:16 AM
Subject: tax

Hi Edoardo,

 

In this case then yes – this is possible.

 

Best regards

 

From: Corsi Edoardo
Posted At: Tuesday, September 27, 2011 3:58 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax

 

Dear Ashley,

 

we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account.

So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?


Thank you again!

 


From:
Posted: Friday, September 23, 2011 2:06 PM
Subject: tax

Hi Edoardo,

 

In this case you can provide it as a tax and name it ‘Bollo’.  SIS is very flexible for tax reporting either at the header or line item level.  So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it.

 

Hope this helps.

Rgds,

Ashley

Replied by Ashley H on 2011-10-12 16:45:13

Hi Edoardo,

 

As this is a tax, ideally it should be billed at the header level. Do you see a problem with this approach?

 

Regards,

Ashley

 

From: Corsi Edoardo
Posted At: Wednesday, October 12, 2011 7:05 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax

 

Ashley,

 

to simplify the management of this particular case, is it possible to indicate the "bollo" in a new line item but using the general charge code "Misc"?

Thanks!

 


From:
Posted: Tuesday, September 27, 2011 10:16 AM
Subject: tax

Hi Edoardo,

 

In this case then yes – this is possible.

 

Best regards

 

From: Corsi Edoardo
Posted At: Tuesday, September 27, 2011 3:58 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax

 

Dear Ashley,

 

we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account.

So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?


Thank you again!

 


From:
Posted: Friday, September 23, 2011 2:06 PM
Subject: tax

Hi Edoardo,

 

In this case you can provide it as a tax and name it ‘Bollo’.  SIS is very flexible for tax reporting either at the header or line item level.  So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it.

 

Hope this helps.

Rgds,

Ashley

 
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