Taxes as a negative value
I've noticed that in Zoho Invoice taxes can only be positive (i.e. the tax value is added to the total, for example a 1000$ object with a 20% tax would give a total of 1200$)
In my country (Italy) we often display on invoices also negative taxes, which are paid by the seller.
So, a 1000$ consultancy could have a negative 20% tax. The total would be 800$.
Usually a 1000$ consultancy made by a professional has a +20% VAT on its price and a -20% "ritenuta d'acconto" (a pre-tax paid by the seller) on its price.
The total would amount to 1000$, but Italian law requires us to display this +20%, -20% simple calculation on every invoice.
And we cannot use discounts to obtain this, because negative taxes are required by law to be applied to the total and not to single objects of the invoice.
Summarizing: please let us use negative values for the tax % field (I've tried typing "-20" in the tax settings, but the system does not accept it).
Thanks in advance
In my country (Italy) we often display on invoices also negative taxes, which are paid by the seller.
So, a 1000$ consultancy could have a negative 20% tax. The total would be 800$.
Usually a 1000$ consultancy made by a professional has a +20% VAT on its price and a -20% "ritenuta d'acconto" (a pre-tax paid by the seller) on its price.
The total would amount to 1000$, but Italian law requires us to display this +20%, -20% simple calculation on every invoice.
And we cannot use discounts to obtain this, because negative taxes are required by law to be applied to the total and not to single objects of the invoice.
Summarizing: please let us use negative values for the tax % field (I've tried typing "-20" in the tax settings, but the system does not accept it).
Thanks in advance
Topic Participants
enrico.sola
Purnima
Riccardo Marini
Prasanna
ClaimCreative S.r.l. - P.iva: 11010430012
Sticky Posts
Zoho Invoice Will Soon Discontinue Support for Older Browser Versions
Hello users, Starting from May 15, 2024, Zoho Invoice will no longer support the following browser versions: Browsers Version Restrictions Firefox Browser Versions older than 100 Google Chrome Versions older than 100 Microsoft Edge Versions older thanBulk Printing now available in Zoho Invoice
Hello, We are happy to announce the much requested and much awaited feature in Zoho Invoice - Bulk Printing of Estimates and Invoices. All you need to do is, select the invoices you wish to print and then click the 'Print' button. All the invoices will be downloaded as a single PDF file which can be printed as you wish. You can print upto 25 invoices at a single go. Go ahead and give it a shot and let us know how it worked for you. Regards, ReshmaIntroducing the iPhone App for Zoho Invoice
Now you can invoice on the go from your iPhone through the Zoho Invoice iPhone app. Our iPhone app is available at the apps store for download. The app is special in more ways than one: An impeccable UI takes your invoicing experience to a whole new level That's a first native app we've come up with It's available for FREE!!!!! Yeah, absolutely Free. No brainer there, we just wanted to make our users to enjoy the app no strings attachedHere some snapshots of the app: For the real experience, head