Tax Ceilings

This table can be used to setup any tax ceiling records that should apply when the tax is calculated on a new document, or when dates are modified on a converted or existing document.

This ceiling sets the limit on the Dollar Total on which the tax can be calculated, not the actual amount of taxes that are charged.

Note: This feature is only available when Enhanced Tax processing is activated in the Company Taxing Parameters.
The Tax Ceilings can be set for the relevant tax codes in Tax Codes in the "Accounts Receivable" parameters on the Accounting tab of the Configure System Settings.

The fields in the Tax Ceilings tables are:

SEQ#

The sequence number tracks the records entered.

START DATE

Enter the beginning date for which this tax ceiling applies.

Because there is no ending date tracked, the tax ceiling can be 'de-activated' by deleting this record, or by entering a second record with zero ceiling amounts on the end date.

OVER ALL

A limit to apply to the total chargeable Taxable Amount on the document can be set for this tax code.
Leave this field if there is no tax ceiling on the Over All document total.

Note: This ceiling limits the dollar total on which this tax can be calculated, not the actual amount of tax charged.

RENTAL

A limit to apply to the total of the Taxable Rentals Amount on a document can be set for this tax code.
Leave this field if there is no tax ceiling on the rental charges.

SALES

A limit to apply to the total of the Taxable Sales Amount on a document can be set for this tax code.
Leave this field if there is no tax ceiling on the charges for sales parts.

SERVICE

A limit to apply to the total of the Taxable Services Amount on a document can be set for this tax code.
Leave this field if there is no tax ceiling on the service charges.

Finished?

Click ACCEPT to accept the records and to exit the table.

Note: If there is an Over All ceiling as well as a specific ceiling for the same tax code, the lower of the two applies.

When Tax Ceiling records are deleted or modified in Tax Codes an audit record is written to SYSDEL that can be viewed in Delete Log.