Tax Code 

Definition

See Tax Codes.

Use

Customizing

The standard system contains the following tax codes for Peru:

Input Tax

Tax code	Tax
C0	0% VAT
C1	18% VAT, class 1
C2	18% VAT, class 2
C3	18% VAT, class 3
C4	18% VAT, class 1 + 10% excise duty
C5	18% VAT, class 2 + 10% excise duty
C6	18% VAT, class 3 + 10% excise duty

The input tax codes allow for the four different purchase classes, which means that you must post your purchases using the appropriate tax code. You record all class 4 purchases (those that are tax-exempt by special dispensation) using tax code C0.

Output Tax

Tax code	Tax
D0	0% VAT
D1	18% VAT