[OPEN-ILS-GENERAL] acquisitions + sales tax

[David Fiander]

And, just to make things more complicated, in Ontario, the rules are
all changing in a year or so.

On Wed, Apr 29, 2009 at 2:16 PM,  <artrhyno at uwindsor.ca> wrote:
>
> Canadian tax structures and academia can be a bad combination. Our Finance
> Department requires tracking of the Federal VAT (called GST - Goods and
> Services Tax), which is typically self assessed on either each line item or
> an entire invoice when applied, and is extracted and reported in the
> interface. Some Finance Departments handle all of this, but the carrot for
> doing the tracking is sometimes related to where any rebates from the
> Federal Government go, i.e., either to Finance or back to the library. It's
> quite common in Canada to pay taxes and deal with rebates, often a pain for
> both buyers and sellers but unavoidable. One problem that has come up here
> is that the JD Edwards system, which issues the checks for the campus,
> sometimes introduces rounding inconsistencies (GST
> non-rebateable-division-rates are often set to 4 decimal places, e.g.
> "1.0198", and this is enough to throw things slightly off). A widget for a
> tax calculator would be really cool.
>
> art