Stamp Tax levies on every document, book, paper, act and product. When Stamp Tax levies on a product, no other tax levies on it.
To calculate Stamp Tax, when entering an inflow or outflow document, the rate, if different from the fixed percentage 1% (standard for most operation), must be entered in Products File.
Important: The liability to pay Stamp Tax is generated when the bill is written off by Finance. This information is required only for tax calculation, not affecting the Invoicing. |
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