Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
October 2018
October 2018
Hi,
For Bank Charges and Marchant fees for credit cards ,what do we use as tax code N-T or FRE ?
Solved! Go to Solution.
October 2018
October 2018
Bank charges are gst free so fre is the correct code however if you are using the now default simplified BAS neither free nor not reportable appears on the BAS so either will suffice
Merchant fees are taxable ie contain gst and should be reported using the gst code.
Technically they are not bank fees as Visa, Mastercard etc are the merchant not the bank
October 2018
October 2018
thank you for the explanation...
by
Alex_Int
May 2022
73
3701
|
73
|
3701
|
||
6
|
3111
|
|||
5
|
2897
|
|||
by
Jodi_1
November 2016
16
12403
|
16
|
12403
|
||
by
ARushworth
July 2016
2
1955
|
2
|
1955
|