Process Key
Definition
See
Process Key.
Use
The calculation procedure TAXPE makes use of the following process keys:
|
Process key |
Tax |
|
J2A |
Excise duty |
|
J2B |
VAT, purchase class 2 |
|
J2C |
VAT, purchase class 3 |
|
XST |
VAT exemptions, purchase class 4 |
Value-added tax (VAT), purchase class 1, is covered by the standard process key VST; VAT, class 4, requires a separate process key XST, so that it can be assigned to a different tax class, XX01 (for more information, see
Purchase Class). Together, these process keys cover all the Peruvian tax codes supplied with the system.