VAT
We've recently purchased some parts from an overseas company and they have charged VAT. This is the first time I've come across this (I understand its a value-added tax similar to our GST). M...
Forum Discussion
Hi Cherie_C,
Thanks for reaching out.
Generally, if there is a different tax it should recorded as a different tax code for it not to mix-up with the GST. I would much suggest you speak to a financial advisor as we are not allowed to provide financial advise.
If the financial advisor did suggest to create a new tax code, here is the help article Setting up tax codes (Australia) to assist you in doing so.
Let me know if you require any further assistance with this. I'm happy to assist you.
If my response has answered your inquiry please click "Accept as Solution" to assist other users find this information
Cheers,
Genreve
