Hi I am in Florida and over 90% of my revenue is tax exempt (medical devices). So the tax is on the non exempt revenue (accessories).
It's not something I collect from the customer like the sales tax, it's an additional fee/tax on non exempt revenue (1% of non exempt total revenue) in my county) Trying to figure out how to enter this is GNUcash. If there is not a typical way I guess I could create an expense account and split up the amount of tax paid (for example if non exempt revenue is $1,000, sales tax would be $75 (7.5%tax) already calculated by GNUcash. But I don't pay $75, I pay $85 because 1% discretionary tax on $1,000 =$10) Martijn usadutch...@bellsouth.net Sent from BlueMail On May 10, 2021, 6:53 PM, at 6:53 PM, GWB <g...@2realms.com> wrote: >Interesting. What is the taxing jurisdiction? Is it a tax on sales >or a tax on total revenue? In some jurisdictions the discretionary >tax is on total revenues, somewhat like a surcharge on existing VAT. >In Florida and some other US states discretionary tax is an additional >sales tax levied by individual counties or municipalities. So this is >a sales tax? But it is not a discretionary tax paid "in lieu of" some >other fee or tax? If sales, like any other sales tax. > >Gordon > >On Mon, May 10, 2021 at 5:10 PM Martijn Heuts ><usadutch...@bellsouth.net> wrote: >> >> Hello trying to find a way to add discretionary taxes in GNUcash. >> >> Descretionary tax in our county is a 1% fee on taxable revenue, paid >monthly and added by the IRS when you file the sales taxes. >> >> Thanks >> >> Martyn >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> If you are using Nabble or Gmane, please see >https://wiki.gnucash.org/wiki/Mailing_Lists for more information. >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
