M3 Sales Tax for Supplier Invoices
A supplier invoice can be received including or excluding sales tax. If a supplier invoice is received excluding tax, although tax is required, the company is responsible to calculate and report tax. If a supplier invoice is received including tax, the company is not responsible to report tax. The tax amount on the invoice will then be recorded as part of the purchase cost.
The decision to calculate tax must be taken for each supplier invoice since the information on the invoice document and the type of purchase are the basis for the tax decision.