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Content Type: ASC_Announcements
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Date8/30/2010
AnnouncementUse Tax Code UG for Grocery Purchases
Description

The new tax code UG has been created for grocery purchases from out-of-state vendors for which use tax accrues at a state tax rate of 2%. 

 

County and city tax rates are derived from the jurisdiction code and remain unchanged.

 

The UG tax code:

 

·         Calculates and accrues state tax at 2%.

·         Is used in invoices from out-of-state vendors for grocery purchases.

·         Can be used in direct invoices (FB60) and logistic invoices (MIRO).

·         May be used only for groceries purchased for consumption.