[GNC] Accounting for GST in Australia

Christopher Lam christopher.lck at gmail.com
Tue Jul 6 08:42:35 EDT 2021


Maybe you can paste an example of a complex RCTI?
In Australia only 2 TaxTables would be useful.
In some jurisdictions you may need more, eg UK has standard 20% and reduced
5% VAT rates.

On Tue, 6 Jul 2021 at 12:15, flywire <flywire0 at gmail.com> wrote:

> Thanks for the wiki Chris. A lot of people use a Recipient Created Tax
> Invoice (RCTI) without Accounts Payable/Receivable. One of the
> complications is the invoice might have a whole range of different charges
> with different GST treatments. Could you extend the wiki with a simple
> example for those situations?
>
> eg https://lists.gnucash.org/pipermail/gnucash-user/2020-May/091146.html
> > With fees, levies, industry funds, different tax treatments, various
> parties
>


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