Europe Import VAT

Hi Friends,
I have an issue regarding European VAT.Normally at the time of imports the VAT is Zero rated. Most of the companies in Europe needs to report at the time of filing. Some times companies even pays the VAT for the imports just the same local rate say 20%.
Normally the VAT structure would be 20% of (Material cost(say 1000 USD)+ The Customs duty(20 USD)) and normally the customs duty will be a rate of the Material cost say 2%. If every thing is perfect with this VAT will be 20% of (Material cost+ The Customs duty)== 204 USD and get posted in MIRO. But most of the case it will not happens.
When it reaches Customs will make a value addition in the material say 100 USD and upon (1000+100=1100) the 2%Custom duty will taken. So Customs Duty will be 22 USD and not 20 USD. Companies need a reverse calculation to found how much value is added by the customs. and in the invoice only customs duty will be mentioned along with the material cost.
Now the VAT needs to be calculated as 20 % of (1100+22)= 224.4 and not 204.
Note : Here logically GRN is done when it shipped from supplying Country before MIRO. So no chance of putting new condition type or any values in the conditions in PO stage.
Please provide your valuable solutions to post VAT amount in Miro.
Thanks & regards
Prabhul

Hello Alberto,
The issue you raised can be fulfilled in 2007A version. When adding the invoice, call the form settings and make visible and active the box 'Tax Only' and add the invoice.
Hope this is helpful.
Regards,
Xu Zhang
SAP Business One Forums Team

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