Tax rates
The Tax rates register is intended for a correct calculation and posting of value added tax (VAT). It contains all types of taxes and their tax rates, used for purchasing and selling goods and services.
The Tax rates register/tab opens either when clicking Registers | Tax rates in the main menu, or from the Registers on the Tax rates tab.
In PANTHEON Web Light, you cannot add, change, or delete tax rates – they are predefined and applied from PANTHEON.
The list of tax rates enables sorting and filtering by condition in the following columns:
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Tax type
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This is a two-digit code. Predefined codes follow these rules:
- First digit:
- 9 – tax rate of 9.5%
- 2 – tax rate of 22%
- Second digit:
- B – Goods
- S – Services
- N – tax-free transaction or VAT not accounted for return.
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Name
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Descriptive name of the tax type, written on issued invoices.
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VAT
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Prescribed VAT rate for this tax type.
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