If VOTI is applicable to the shipment, the check box MUST BE ticked before the shipment is committed for booking in. Once a shipment has been committed, the field Value of Taxable Import is disabled.
Steps
| 1. | Check the box Use Value of Taxable Import box to the enable the relevant tab |
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| 2. | Select creditor account |
| 3. | Type in Description |
| 4. | Select the relevant tax rate |
| 5. | Type in the Tax Amount - and Amount field is automatically calculated and cannot be changed |
| 6. | Change the ledger account if needed (there is a zero impact on this account in the ledger as both a debit and credit are posted to this account, with the Debit entry collecting the tax code) |
| 7. | Save and activate. View journal if needed |
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