Sharp UP-X300CF256 Instruction Manual - Page 65

Computation of VAT Value, Added Tax /Tax

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6 Computation of VAT (Value Added Tax) /Tax VAT/tax system The POS terminal supports up to 10 different tax definitions. Your POS terminal provides percent rate tax calculation and tax amount entry method. For the percent calculation, the following formula are applied for VAT or tax calculation on each taxable subtotal (taxable 1 through taxable 10). Tax calculating equation: Tax amount = (taxable subtotal) x tax rate / 100 VAT calculating equation: Tax amount = (tax rate) x (taxable subtotal) / (100 + tax rate) The rounding depends on programming. Also automatic calculation (for percent rate calculation only) and manual calculation are applied for the system. The automatic calculation, at settlement, automatically calculates VAT/tax for taxable 1 through taxable 10 subtotals by using the corresponding programmed percentages. For manual calculation, please refer to the procedure below. Manual calculation on the basis of the preset VAT/tax rates ➞ [SBTL VAT] ➞ Manual VAT rate entry using the numeric keys ➞ VAT rate ➞ [SBTL VAT] Manual VAT/tax amount entry using the numeric keys ➞ VAT/tax amount ➞ [Manual TAX] 64

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64
6
Computation of VAT (Value
Added Tax) /Tax
VAT/tax system
The POS terminal supports up to 10 different tax definitions.
Your POS terminal provides percent rate tax calculation and tax amount entry method.
For the percent calculation, the following formula are applied for VAT or tax calculation on each taxable
subtotal (taxable 1 through taxable 10).
Tax calculating equation:
Tax amount = (taxable subtotal) x tax rate / 100
VAT calculating equation:
Tax amount = (tax rate) x (taxable subtotal) / (100 + tax rate)
The rounding depends on programming.
Also automatic calculation (for percent rate calculation only) and manual calculation are applied for the
system. The automatic calculation, at settlement, automatically calculates VAT/tax for taxable 1 through
taxable 10 subtotals by using the corresponding programmed percentages.
For manual calculation, please refer to the procedure below.
Manual calculation on the basis of the preset VAT/tax rates
➞
[SBTL VAT]
➞
Manual VAT rate entry using the numeric keys
➞
VAT rate
➞
[SBTL VAT]
Manual VAT/tax amount entry using the numeric keys
➞
VAT/tax amount
➞
[Manual TAX]