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In Puerto Rico, tax on fuel oil and its by-products are processed as follows:
Based on this information, the following configurations must be made for tax calculation:
In the field Oil Conversion (Oil Conversion Factor), you must enter the product conversion factor in the first measurement unit for gallons.
Example:
X ounces of oil * Oil Conversion Factor = Y gallons
If the first measurement unit is the gallon, you do not need to fill out the field.
This parameter must be used for tax calculation during outflow.
The content must be entered with the following structure: amt#value1#value2, where:
Amt - it is the amount of gallons that defines the tax value.
Value1 - it is the tax value to be charged per gallon for an amount lower than or equal to amt.
Value2 - it is the tax value to be charged per gallon for an amount larger than amt.
Example: 55#1.00#0.60
Tip:
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