Tax on separate invoice

Usually, the invoice currency matches the local currency of the sales company. Sometimes, however, the invoice currency deviates from the local currency of the sales company. Many countries require invoices to be printed with the tax amount in local currency. When invoicing in foreign currency, the tax amount does not match the invoiced amount multiplied by a certain tax percentage because of the currency rate.

To create separate invoices for net and tax amounts, in the Tax Code by Country (tcmcs0136s000) session, set Tax Scenario to Tax on Separate Invoice.

An order line with the Tax on Separate Invoice option allows you to specify tax invoice data. In the Billable Lines (cisli8110m000) session, on the appropriate menu, select the Tax Invoice Data command to start the Billable Line Satellites (cisli8112m000) session. In this session, you can specify the tax currency and the currency rates to convert the tax base amount in order currency to the tax base amount in tax currency.

When invoicing the billable line, this will result in two invoices - a net invoice and a tax only invoice. The tax invoice will be created based on the data specified in Tax Invoice Data.