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Calculation of the ISC - Selective Consumption Tax
It calculates the amount of ISC to be withheld, according to the rates previously indicated in the concepts register. The tax has various rates per products, as well as a fixed amount to be deducted in some cases, according to the law of the Dominican Republic.
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The rate must be checked in the table CCR - Concept Table.
Besides the TIO chosen and the Concepto, whether or not withholding is to take place is determined by the configuration of the MV_AGENTE parameters - for it to occur, the second position must be set as S. When the company is not the agent of the withholding, the second position must be N. |
Calculation Method |
Calculation Base = Value of Goods or Service + Profit Margin - Deductions Rate = Rate entered in SB1 table or the one entered in SFB table ISC = Calculation Base * Rate + fixed amount Example 01 – Beverages (fixed amount per liter) Goods sold: 1,000.00 Profit Margin (20%): 200.00 Calculation Base: 1,200.00 ISC Rate: 7.5% Tax Amount: 90.00 Amount: 0.75 liters Specific amount per liter: 411.80 Settled tax: 308.90 Final ISC Tax Amount: 398.90 ITBIS Base (sold goods + Final ISC Tax Amount): 1,398.90 ITBIS Rate: 16% Final ITBIS Tax Amount: 223.82 Total Invoice and Bill amount: 1,622.72 Example 02 – Cigarettes (fixed amount per pack) Goods sold: 1,000.00 Profit Margin (10%): 100.00 Calculation Base: 1,100.00 ISC Rate: 20% Tax Amount: 220.00 Settled tax: 332.40 Final ISC Tax Amount: 552.40 ITBIS Base (sold goods + Final ISC Tax Amount): 1,552.40 ITBIS Rate: 16% Final ITBIS Tax Amount: 248.38 Tax Invoice and Invoice Total Value: 1,800.78 |
For telecommunications and insurance taxes, profit margin is not applied, so the tax calculation is simple (Base * Rate = Tax) |
On invoices, the tax amount and the tax invoice total value must include the decimals calculated by the system (always two decimal places rounded up as of 5 on the third decimal. Examples: · 1.433 = 1.43 · 1.435 = 1.44 · 1.437 = 1.44 |
The TIO x Tax Binding must be checked. The Sum on the Duplicate field (from the Variable Taxes Register) = 2 (subtract) determines that its value be deducted from the main bill.
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