Ideas for the Mambu Banking Engine

VAT on fees defined on Deposit Products

What - allow for charging VAT on fees for deposit products.

Why - depending on legal and accounting requirements in different countries, some organisation change VAT tax on fees applied on deposits. Ideally, the VAT tax should be defined on the fee level as different fees might require a different VAT tax rate.

  • Nishant Parikh
  • Mar 1 2019
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  • Pedro Bachella commented
    20 Feb 07:07pm

    Also, this situations applies to interest charged when a current account accrue interest for overdraft interest (like a loan interest).