[GNC] Discretionary taxes

Martijn Heuts usadutchies at bellsouth.net
Mon May 10 19:53:37 EDT 2021


Hi I am in Florida and over 90% of my revenue is tax exempt (medical devices). So the tax is on the non exempt revenue (accessories). 

It's not something I collect from the customer like the sales tax, it's an additional fee/tax on non exempt revenue (1% of non exempt total revenue) in my county)

Trying to figure out how to enter this is GNUcash. If there is not a typical way I guess I could create an expense account and split up the amount of tax paid 

(for example if non exempt revenue is $1,000, sales tax would be $75 (7.5%tax) already calculated by GNUcash. But I don't pay $75, I pay $85 because 1% discretionary tax on $1,000 =$10)


⁣Martijn
usadutchies at bellsouth.net

Sent from BlueMail ​

On May 10, 2021, 6:53 PM, at 6:53 PM, GWB <gwb at 2realms.com> wrote:
>Interesting.  What is the taxing jurisdiction?  Is it a tax on sales
>or a tax on total revenue?  In some jurisdictions the discretionary
>tax is on total revenues, somewhat like a surcharge on existing VAT.
>In Florida and some other US states discretionary tax is an additional
>sales tax levied by individual counties or municipalities.  So this is
>a sales tax?  But it is not a discretionary tax paid "in lieu of" some
>other fee or tax?  If sales, like any other sales tax.
>
>Gordon
>
>On Mon, May 10, 2021 at 5:10 PM Martijn Heuts
><usadutchies at bellsouth.net> wrote:
>>
>> Hello trying to find a way to add discretionary taxes in GNUcash.
>>
>> Descretionary tax in our county is a 1% fee on taxable revenue, paid
>monthly and added by the IRS when you file the sales taxes.
>>
>> Thanks
>>
>> ⁣Martyn
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