6.8. Eco Tax (Green)

SocrateCloud offers the possibility to calculate and report the Eco Tax amounts for products sold within a time period, using the following algorithm:

• a fixed sum per unit - is paid/calculated for certain products (e.g. TV sets);

• a fixed sum per kilogram - paid/calculated for product components.

Premises

• in SocrateCloud the product categories for which the Eco Tax is paid will be manually defined;

• maintaining the Eco Tax attribute will be manually done by an operator for every new product imported (imported products do not contain Eco Tax information);

• the Eco Tax will not be printed on the Customer Invoice;

• the Eco Tax has no effects in accounting;

• the Eco Tax value will only appear on sales reports, which will be sent to a specialized firm which will invoice the company the Eco Tax value;

• in the Product window you can search for products with "Has Stock" checked and no value in the "Eco Tax" field so that a user may introduce the Eco Tax in due time.

Defining an Eco Tax

Taxes can be defined in the Eco Tax window:

• Search Key;

• Name;

• According to the definitions here (Attention: the weight specified is in grams) enter the corresponding values:

  • UOM - applicable unit of measure;

  • Net Tax Amount - the amount of the tax excluding VAT;

  • Tax Amount - the amount of the tax including VAT;

• Currency - indicates the currency to be used for the Eco Tax (RON)

• Eco Tax - total tax value maintained by the system.

For reporting purposes it is necessary to differentiate products as:

• produced (“Purchased” = No, cleared),

• imported (“Purchased” = Yes, checked).

Allocating an Eco Tax to a Product

• Eco Tax is a product attribute;

• Eco tax can be selected when defining a product in the Product window.

Calculating the Eco Tax value

The Eco Tax value can be calculating using the Eco Tax Declaration report, which contains the following:

• Eco Tax;

• Product;

• Quantity Sold (units) or Weight (total weight for the products sold using the UOM for Weight chosen at Tenant level);

• Eco Tax Value - according to the type:

  • Quantity sold * Tax Value;

  • Units Sold * Tax Value.

The report contains the following parameters:

• Date invoiced - start date/end date used in the report;

• Eco Tax - the report is generated for a specific tax type;

• Product - the report is generated for a specific product;

• UOM to - indicates the destination UOM used in the report.

The report lines are grouped using the Purchased checkbox from the product definition: