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Greg Kloberdanz Posted on Aug 31, 2014
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What taxes, if any, are included within a pro forma?

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Michael

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  • Posted on Sep 01, 2014
 Michael
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A pro-forma would usually include all the taxes that are payable by the vendor on behalf of the buyer. These are usually state sales taxes, or in some countries, may appear as a value-added tax (VAT) or goods & services tax (GST) applied as a percent markup of the transaction. The taxes included in a pro-forma should be those that apply to the transaction being taxed.

Is it a good? A service? A commodity, a major asset? Are there other fees & charges levied by local government that do not attract sales taxes?

The answer is:
It depends on what you are taxing, and in whose jurisdiction you are levying the tax and what rules apply to the calculation of the tax. Familiarise yourself with your applicable tax legislation.

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Purchase

Tax is only included if the seller has stated that tax is included. Some seller's include it and some add it on after. Click on "ask seller a question" and ask the speciific seller.

Good luck!

CBR2009
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