Description
Return unapplied credit and original tax minus applied credit.
Tax-related arithmetic can apply a supplied rate or reverse a gross/net amount. The applicable jurisdiction, taxable event, allowable credit and reporting treatment are separate questions that cannot be established from the formula alone.
Return unapplied credit and original tax minus applied credit.
When to use this tool
Use Credit Note Unapplied Tax Balance when you need a transparent calculation under an explicitly supplied tax convention.
How to use the tool and how it works
- Enter originalTax, creditedTax, appliedCredit. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read remainingTaxCredit, netTax. Use the output convention below.
Require nonnegative tax/credit amounts and appliedCredit no greater than either originalTax or creditedTax. Return unapplied credit and original tax minus applied credit.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| originalTax | Original Tax | Required. Finite number; minimum 0. |
| creditedTax | Credited Tax | Required. Finite number; minimum 0. |
| appliedCredit | Applied Credit | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| remainingTaxCredit | Remaining Tax Credit | Required. Finite number. |
| netTax | Net Tax | Required. Finite number. |
{
"input": {
"originalTax": 100,
"creditedTax": 30,
"appliedCredit": 20
},
"output": {
"remainingTaxCredit": 10,
"netTax": 80
}
}Limitations and assumptions
- The balances are supplied accounting records, not verification of tax-credit eligibility, refunds, jurisdictional rules or filing obligations.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Check the applicable tax rules and source documents with the appropriate professional. Keep rate, base, timing, currency and credit eligibility explicit before using the arithmetic for a return or payment.
References
Similar or alternative tools
- Invoice Credit Tax Reversal Base
Divide creditGross by 1+taxRate and return gross-minus-net reversed tax.
- Invoice Retention Release Tax Basis
Apply tax only when taxOnRelease, then add it to net retention.