GnuCash doesn't handle fractional cents properly with tax tables

Liz edodd at billiau.net
Thu Mar 9 02:36:09 EST 2017


On Wed, 8 Mar 2017 17:50:19 -0500
"R. Victor Klassen" <rvklassen at gmail.com> wrote:

> > Maybe stop right there. WHAT are the actual rules for your
> > jurisdictions? There's always something new under the sun, but all
> > jurisdictions that I have lived in so far did not actually charge a
> > percentage for sales tax (perhaps with rounding for fractional
> > cents). Instead they charged and amount AT LEAST that percentage
> > with the state getting every fraction of a cent. 
> 
> I don’t know where you found this behaviour.   Here, in Ontario
> (Canada) we use correct rounding.   We’re required to remit the
> percentage on total sales, so if we did the rounding up that you
> suggest, we’d wind up pocketing the small extra change at the end of
> the year.   And possibly getting in trouble for it - although it
> would take a lot of transactions to add up to anything that mattered.


Similar for Australia.
We have to do an annual return, but are not permitted to remit the
exact cents, and we round to the nearest dollar, using normal rounding
rules.

Liz


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