| | Example of maximum tax amountIf a maximum tax amount applies for a specific tax code, you can
specify the maximum amount in the Single Tax Rates (tcmcs0132m000) and the Multiple Tax Rates (tcmcs0133m000) sessions. Example based on the following tax code details: - Tax Rate: 10 percent
- Maximum Tax Amount: 10,000
- Tax Base Amount: 50,000
- Rate for Excess Amount: 5 percent
The following table shows the calculated tax amounts for various
order amounts. | Order amount | 10,000 | 100,000 | 1000,000 | | Amount included in tax
base amount | 10,000 | 50,000 | 50,000 | | Tax on base amount (10 percent) | 1,000 | 5,000 | 5,000 | | Excess amount | 0 | 50,000 | 950,000 | | Tax on excess amount (5 percent) | 0 | 2,500 | 47,500 | | Total tax amount | 1,000 | 7,500 | 52,500 | | Maximum tax amount | 10,000 | 10,000 | 10,000 | | Resulting tax amount | 1,000 | 7,500 | 10,000 |
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