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Tax Rates

Nas Patnugot
  • Updated

Overview

Tax Rates can be found in the the Administration module > Settings > Management tab > Tax Rates tab where you will be presented with your current tax rates. These can be managed and changed to suit your needs.
Tax_Rate.jpg

Adding a New Tax Rate

Navigate to the Tax Rate management tab and click Add Tax rate.

Add_Tax_Code.jpg

A pop-up box will appear with the following options:

Field Description
Type
  • Composite: Combine multiple tax rates into a single user-selectable option, such as County tax plus State tax.
  • Date-based: A rate that changes based on the transaction date.
  • Predefined: A tax code to use when products have tax predefined.
  • Simple: A simple fixed rate.
Code The short name will appear in the list shown to buyers.
Name A descriptive name.
Account Code Customers using order integration will receive this account code with the associated tax amount.
Rate The tax rate percentage.

 

Selecting a Tax Rate at Checkout

At the checkout stage of processing a requisition, the default tax rates for the product and the shipping will display. To change the tax rate, select the appropriate tax code from the relevant drop-down box. Ensure you have the correct tax rate for both the product and the shipping.

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