Element

dutyFeeTaxCategoryCode

 

Occurrence:

0

..

1

 

Scheme-Status:

O

 

Type:

shared_common:TaxCategoryCodeType

 

   

   

Definition:

Code specifying the applicable charge category for this duty, fee or tax. For example low, high, exempt.

   

GDD URN:

   

Applicable Codes:

Code

Code Name

Code Description

APPLICABLE

Applicable

Tax applies to the item or service within the target market at the rate specified TradeItemTaxAmount or TradeItemTaxRate.

DOMESTIC_REVERSE_CHARGE

Domestic Reverse Charge

Code specifying that the rate is based upon the domestic reverse charge VAT treatment. This code value is particularly pertinent to the UK context.

EXEMPT

Exempt

The item or service has no taxation requirements nor any requirements related to invoicing or reporting.

FREE_EXPORT_ITEM

Free Export Item

Code specifying that the item is free export and taxes are not charged.

HIGH

High

The Trade Item is taxed at a tax rate that is higher than any other rate of taxation for trade items. The classification of High is subject to Target Market rules and can change based on regulation.

LOW

Low

The item or service is taxed at a tax rate that is lower than any other rate of taxation for trade items (except zero). The classification of low is subject to Target Market rules and can change based on regulation.

MEDIUM

Medium

The item or service is taxed at a tax rate that is considered to be intermediate between the lower and higher rates of taxation for trade items. The classification of medium is subject to Target Market rules and can change based on regulation.

MIXED

Mixed

Code specifying that the rate is based on mixed tax. Transaction includes item taxed at different rates.

NOT_APPLICABLE

Not Appllicable

Tax does not apply to the item or service within the target market.

PREPAID

Prepaid

The tax, fee or duty has been paid by the supplier of the trade item.

REDUCTION_IN_BASE

Reduction In Base

A benefit provided under the law that allows one to apply a reduction in the tax basis for calculating. In general, exceptions to the basis for tax calculation are the value of an operation. However, to reduce the tax, the benefit is granted to a reduction in the value of this base. This code value is particularly pertinent to the BR tax structure.

REDUCTION_IN_TAX_RATE

Reduction In Tax Rate

A reduction in the tax rate. Generally, reduced tax rates are arranged in a more objective way according to the law. This code value is particularly pertinent to the BR tax structure.

SERVICES_OUTSIDE_SCOPE_OF_TAX

Services Outside Scope of Tax

Code specifying that taxes are not applicable to the services.

STANDARD

Standard

Tax rate used or accepted as normal or average. The classification of standard is subject to Target Market rules and can change based on regulation.

VALUE_ADDED

Value Added

A fixed amount of tax for each product, based on criteria established by legislation rather than the conventional method which is the application of a percentage over the value of the product or operation. This code value is particularly pertinent to the Brazilian (BR) tax structure.

VALUE_ADDED_MARGIN

Value Added Margin

A percentage defined by the Tax Authorities that is applied on (the value of the goods+ Federal VAT+ freight+ other expenses) aiming at obtaining a basis for calculating the substitution for the State VAT. The goal of the Value Added Margin is to calculate the State VAT according to the basis that would be applied in the last step of the production chain; in this case, it could be the final resale. Example: Final Price to Retailer = Suggested Price + Expenses + %MVA This code value is particularly pertinent to the Brazilian (BR) tax structure

VALUE_ADDED_TAX_NOT_NOW_DUE_FOR_PAYMENT

Value Added Tax Not Now Due For Payment

A code to indicate that the Value Added Tax (VAT) amount which is due on the current invoice is to be paid on receipt of a separate VAT payment request. The value added tax is not due for payment now.

VAT_REVERSE_CHARGE

VAT Reverse Charge

Code specifying that the rate is based upon the domestic reverse charge VAT treatment.

ZERO

Zero

The item or service has a tax rate or amount equal to zero but still has requirements for invoicing and may have a rate that can be modified by the government at any given time.