Demo model: e-invoice → match against guide price → progressive tax deducted from the merchant’s account
Entered once; shown on the invoice and the bank statement.
Hosted on the government server. Any invoice price above the guide price is taxed progressively.
Calculated only on the excess amount (not on the whole invoice), each bracket at its own rate. The excess is measured as a percentage of the guide price.
On issue, the invoice data is sent to the government server and matched against guide prices; the tax (if any) is then deducted from the merchant’s account.
The automatic deduction of the progressive tax, as the merchant sees it in their account.
| Date | Description | Opening balance | Credits | Debits | Closing balance |
|---|---|---|---|---|---|
| Previous balance | 10,000.00 | -- | -- | 10,000.00 |