Posting Acquisition Tax
You have to post acquisition tax for deliveries which originated in another EU country. You usually do this when you post the invoice. However, if you have posted a goods receipt without an invoice receipt, you can post the acquisition tax based on the goods receipt. This is done using the program which analyzes the GR/IR clearing account.
The data is posted to an interim account which you specify before you start the program. This G/L account must be tax-relevant. When you post data to this account, it automatically triggers the posting of acquisition tax and input tax. When you post the acquisition tax, the program uses the tax code from the goods receipt posting. For the input tax posting, you should enter a tax code with a zero percent tax rate before the program run.
The following example illustrates the procedure. To accurately display acquisition tax on the delivery of goods for which no invoice has been received, you have to make the following postings:
1. You have posted $1000 of goods received to the inventory account. The system automatically posts the transaction to the GR/IR clearing account.
2. In analyzing the GR/IR clearing account, the program makes a debit posting to an interim account for the tax base amount. This line item contains the acquisition tax code from the inventory posting.
The posting is reversed with an offsetting entry for the same amount. This posting must be made using a tax code which represents a tax rate of zero percent.
The tax posting is triggered when the interim account is posted to.
3. The postings are then reversed on the date specified.