Example: Posting Acquisition Tax
You have an incoming invoice to post to the sum of USD 1,000, with no input tax. The acquisition tax rate is 15 percent, and an offsetting entry has to be made as input tax at the same percentage rate.
You have defined a tax code for which you have specified a rate of 15 percent for acquisition tax and 100 percent for the offsetting entry for acquisition tax. The acquisition tax rate is used as the base for the offsetting entry.