Create New Tax Rule

Defines the tax codes that are valid for a combination of tax classes on a particular date. 
Only one tax code per tax rule can be applicable for a sales item, however multiple tax rules could apply to the same sales item.

 

In your web console, navigate to the main menu item 'Settings', and then to the drop down menu item 'Tax Settings' - Sub Menu - 'Tax Rules'.

On this page you'll see a list currently available.

Navigate to "Create" in the title bar, and this will bring up a dialogue box for you to create your new tax rule.

createtaxrule.png

1) Code

Enter an abbreviated code for your new tax rule. This will be shown in your reports.

2) Name

 Enter a name for your new tax rule. This will be shown on your reports.

3) Store Tax Class

Choose a tax class for your new rule from the dropdown menu.

Your options are:

- Tax Exempt

- Taxable

4) Product Tax Class

Choose a product tax class for your new rule, from the dropdown menu.

Your options are:

- Tax Exempt

- Taxable

- Zero Rated

5) Priority & Sort Order Checkboxes

The ‘priority’ and ‘sort order’ will allow us, in situations where more than one tax code applies, to vary which ones get applied first and whether they apply to the original value or are compounded as they are added. You can read more about Using Tax Rule Sort Order and Priority.

6) Date From

Specify when particular tax rules start from.

7) Date To

Specify when particular tax rules end.


Press Save.

 

Now edit the tax rule and click the 'taxes' button in the edit dialogue. Select the tax code to be applied for this rule and save.



Have more questions? Submit a request

0 Comments

Article is closed for comments.
Powered by Zendesk