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MX-00006 Set up sales tax code

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This article describes how to create the tax report category codes and to assign a tax report category code to a sales tax code to use in sales, purchase, and summary tax reports. Use these categories to group all transactions as required by the authorities.

To create tax report category codes, follow these steps.

  1. Got to Tax > Setup > Tax category codes.
  2. Select New.
  3. In the Tax report category code field, enter a unique value. This code is used to classify the VAT report generation.
  4. In the Tax report category description field, enter a brief description.
  5. Select Save, and then close the page.

To set up a sales tax code, follow these steps.

  1. Go to Tax > Indirect taxes > Sales tax > Sales tax codes.

  2. Select New.

  3. In the Sales tax code field, type a value.

  4. In the Name field, type a value.

  5. In the Settlement period field, select the drop-down button to open the lookup.

  6. In the list, find and select the desired record and select the link in the selected row.

  7. In the Ledger posting group field, select the drop-down button to open the lookup and in the list, find and select the link in the selected row.

  8. In the Tax type field, select an option.

    • ISR – Income tax
    • IVA – Value added tax
    • IEPS – Special product and service tax

    Tax type is used in electronic invoices (CFDI) to summarize the taxes per type in the Subtotal section of the invoice.

  9. Select or clear the Additional information check box. This checkbox is used to allow users to introduce more information such as RFC, CURP, type of operation and other information for nonmanaged vendors. When a purchase transaction is registered with this tax and a vendor account is not specified, more information is required. This configuration is used for the generation of DIOT declaration report.

  10. Expand the Report setup section.

  11. In the Tax category report field, select the drop-down button to open the lookup.

  12. In the list, find and select the desired record and select the link in the selected row.

  13. Select the tax category report created before.

  14. Select Save, and then close the page.