How to Create Relief Importation

Overview:

The Relief Importation transaction in the QNE System records tax validation for purchasing imported goods. This process ensures that the necessary tax details are documented correctly and appear in the Summary List of Importation (SLI). The SLI can then be easily generated and submitted to the Bureau of Internal Revenue (BIR) for compliance purposes..

Scenario:

You have already completed the purchase process for imported goods and now need to create the Relief Importation transaction to record the applicable taxes accurately.

Solution:

1. Ensure Proper VAT Code Usage:
   • In the purchase transaction for imported goods, ensure that VAT codes with SR-PNCI are used. This is crucial for proper tax reporting and compliance.
      
     
2. Navigate to Supplier Bills:
   • Go to Supplier > Bills in the QNE System.
   • If the Bureau of Customs is already included in the Supplier List, proceed to the next step.
   • If the Bureau of Customs is not listed, ensure it is added as a supplier to proceed with the transaction.
      
     
3. Create a Bill Entry:
   • Select Supplier in Bill Entry and enter the necessary details related to the tax validation of the imported goods.
   • Fill out all required fields, including Document No., Rate, and supplier information.
     
     
     

4. Access the Relief Importation Form:

   • In the Bill Entries Form, select the Edit Ribbon and click on Relief Importation to open the Relief Importation Form.
     
     
     
5. Process the Relief Importation Transaction:
   • In the Relief Importation Form, choose the supplier for whom the Relief Importation transaction will be processed.
   • Click Inquiry to view available transactions associated with the selected supplier.
     
     
     
     
   • Tick the checkbox for the transaction(s) that need to be processed for Relief Importation.
   • Input all necessary details such as import tax values, duties, and relevant tax rates.
     
     
6.  After reviewing the information, click Okay to confirm and finalize the Relief Importation entry and save. It will also tag the transaction as Imported Goods.
    
   
   Application:
   By following these steps, you can successfully record the Relief Importation transaction in the QNE System. This ensures accurate tax validation for imported goods and seamless generation of the Summary List of Importation (SLI) for BIR compliance. Keeping this process well-documented helps in maintaining transparency and accuracy in tax reporting for import transactions.