+1 Jean-Charles @ AllAboutMuine.com On Jan 21, 2013 8:41 AM, "Eric Caudal" <[email protected]> wrote:
> Currently our taxes are included in price for the calculation in PO but > VAT should not be included in cost/. > > I would vote to add a check box in the tax definition: "Included in cost" > and depending on this check box it would take it or not into consideration. > > Any other feedback? > > Eric Caudal*CEO* > --*Elico Corporation, Shanghai branchOpenERP Premium Certified Training > Partner * > Cell: + 86 186 2136 1670 > Office: + 86 21 6211 8017/27/37 > Skype: [email protected]http://www.elico-corp.com > > [image: Elico Corp] > On 01/21/2013 03:43 AM, Bojan Markovic wrote: > > Hi again. > > I've actually found out that English language (and few others) IAS are > actually freely downloadable from the IFRS page (http://www.ifrs.org) > i.e. that the registration on the site doesn't require paid membership, in > fact it doesn't even have email verification. > > Here is the original English IAS-2, art.11 c/p verbatim: > > *The costs of purchase of inventories comprise the purchase price, import > duties and other taxes (other than those subsequently recoverable by the > entity from the taxing authorities), and transport, handling and other > costs directly attributable to the acquisition of finished goods, materials > and services. Trade discounts, rebates and other similar items are deducted > in determining the costs of purchase.** > * > > > Here is the download page: > > http://www.ifrs.org/IFRSs/Pages/IAS.aspx > > Regards, > > On 20.01.2013 12:55, Eric Caudal wrote: > > I understand that the purchase price must include all costs (and import > duties or transport/forwarder fees should be considered in it ) but I would > say the VAT is not a cost as it has to be supported by the final consumer. > On 01/20/2013 06:41 PM, Bojan Markovic wrote: > > While this would obviously greatly depend on legislature, International > Accounting Standards and most legislatures I'm familiar with are such that > warehouse stock (and therefore by extension average procurement price) is > evidented that all the costs of procurement are included in stock price > incl. transportation and customs costs and all taxes, apart from those that > can be retrieved back (like sales tax and/or VAT). -- IAS 2 - article 11. > > I only have them in Croatian so the original English text might differ a > bit. > > On 20.01.2013 10:47, Eric Caudal wrote: > > Hi, > When we purchase a product price tax included, the average price is > calculated with taxes. > It seems to me weird (cost price should never include taxes) but is there > any accounting expert to enlighten this topic? > Best regards > > > > > _______________________________________________ > Mailing list: https://launchpad.net/~openerp-expert-accounting > Post to : [email protected] > Unsubscribe : https://launchpad.net/~openerp-expert-accounting > More help : https://help.launchpad.net/ListHelp > > > > _______________________________________________ > Mailing list: https://launchpad.net/~openerp-expert-accounting > Post to : [email protected] > Unsubscribe : https://launchpad.net/~openerp-expert-accounting > More help : https://help.launchpad.net/ListHelp > >
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