Landed Costs - Type VAT Taxes

Hi @jesuscruz97 The VAT type in the Landed Cost Code is used to record the additional fees like the import duties & taxes.

Steps to create Landed Cost for VAT (landed cost code type):

1. Create Landed Cost Code
2. Enter VAT (Landed Cost) associated with a Receipt

2.i Landed Costs Tab:

2.ii Select the Receipts for the VAT cost to be recorded.

2.iii Ensure the Billing settings properly populated. This will be the settings for the AP Bill that will be generated

2.iv Release the Landed Cost : 

2.v  After Releasing the Landed Cost for VAT, you will see the below documents generated.

• Vendor Bill
• IN Adjustments

Hi @jesuscruz97 Here are the additional screenshots for your reference:
 

Cost Adjustments to the item
 

Vendor Bill Generated:
 

Thanks for your reply. I just don't understand what is the difference between the landed cost types. Is there any difference between them?  Does the VAT Landed Cost can be claimed in the Tax Report for that Tax Agency (which is the vendor of landed cost too)?

Why do I have to classify the Landed Cost as VAT Taxes is there is no difference between the types?

Jesus

Hi @ChandrasekharM would you have anything further you could offer @jesuscruz97 ? Thank you!

Hi @jesuscruz97 Please find the details of the landed cost types:

• Freight & Misc. Origin Charges: The landed cost is associated with freight expenses and other origin-related charges.
• Customs Duties: The landed cost is associated with customs duties paid for the purchased goods.
• VAT Taxes: The landed cost is associated with VAT taxes.
• Misc. Destination Charges: The landed cost is associated with miscellaneous destination charges.
• Other: The landed cost is another type.

Thanks

Hi @jesuscruz97 To explore more on landed cost, please review the below help link on Landed cost

https://help-2021r2.acumatica.com/(W(9))/Wiki/ShowWiki.aspx?pageid=d0a104ed-6544-469c-992e-f2bbb6938752

Thanks