Consumption tax

New in Infor LN SP1

In Japan, value added tax is called 'consumption tax'. For consumption tax, the tax amounts are rounded down. In addition, it is important that the tax amount on return sales orders equals the tax amount on the sales invoice line.

Consumption tax is closely related to the customer approval rules and regulations which were implemented in Order Management.

For details, refer to:

Note

In previous versions of LN, the specific consumption tax requirements were available as a localization for Japan.