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Saudi Tax Adjustment Process | PDF
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Saudi Tax Adjustment Process

The document discusses an invoice raised in January 2019 with a 5% tax that cannot be canceled due to a Saudi government mandate. The Saudi government has since revised the tax rate from 5% to 15%, so the solution is to reverse the original transaction through a customer credit memo and then re-invoice with the updated 15% tax rate.

Uploaded by

Mohammed Nawaz Shariff
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51 views1 page

Saudi Tax Adjustment Process

The document discusses an invoice raised in January 2019 with a 5% tax that cannot be canceled due to a Saudi government mandate. The Saudi government has since revised the tax rate from 5% to 15%, so the solution is to reverse the original transaction through a customer credit memo and then re-invoice with the updated 15% tax rate.

Uploaded by

Mohammed Nawaz Shariff
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Problem Statement:

In 2019 Client Raised a Sales Order: 33185 (It’s a project Order) an invoice was raised on Jan 10 th it is
proposing 5% tax.

You cant cancel the invoice because Saudi govt has mandated not to cancel the invoice

Saudi Govt has revised the tax percent from 5% to 15%

Solution

Create the Scenarios in Quality server to reverse the transaction through customer credit memo,

reverse the transaction and then maintain the pricing date for to pick 15% tax,

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