Taxes

Updates and enhancements for taxes

This idea came from you

Thanks to your feedback, we made several updates and enhancements to our existing tax features.

Enter partial exemption at the top level

You can now enter partial exemption directly at the top level for your Accounts Payable transactions. This makes it easier to apply partial exemption for all your transactions.

Here's how it works:

1. Enable and configure partial exemption on your entity configuration page. Depending on where your entity operates, it might have a different name.

   • Australia - Reduced input tax credit (RITC)

   • Canada - Input tax credit (ITC)

   • All other locations - Partial exemption

2. Open an Accounts Payable transaction at the top level.

3. If partial exemption is enabled for the selected entity or location, a Partly exempt column displays with a checkbox for each line.

4. Select the checkbox to apply partial exemption to the transaction line.

5. If the line applies to an entity that does not have partial exemption, you cannot select the checkbox for partial exemption.

Manually retrieve missing tax submission files

You can now manually retrieve missing tax submission files from when a submission is marked as completed, but the files, bundle number, or submission receipt are not automatically retrieved from Sage Regulatory Reporting.

Tax submission files are retained for 30 days after the submission date.

Permissions and other requirements

Subscription	Taxes
Regional availability	Partial exemption Australia (as RITC) Canada (as ITC) France United Kingdom Retrieve tax submission files All regions
User type	Business
Permissions	Company Entities: List, View, Add, Edit Accounts Payable Bills: List, Add, Edit, Post, Delete Taxes Tax detail: List, View, Add, Edit Tax submission: List, View, Add, Edit, Delete
Restrictions	Partial exemption is not supported for recurring Accounts Payable bills.