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 opens when clicking Registers | Items | Tax rates in the main menu.

The display mask can be split into two parts:

1. Selected Tax rate – with action buttons.
2. Tax rates list – access to list 

1. Selected Tax rate 

Data for the selected tax rate with the following fields and action buttons:

Active	Indicator which tax rates are in use.
ID	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.
Name	Descriptive name of the tax type, written on issued invoices.
VAT %	Prescribed VAT rate for this tax type.
Save	Save changes.
New	Opens a new page for adding new tax rate.
Delete	Delete opened delivery method.

2. Tax rates list 

Clicking opens the tax rates list. The arrows allow navigation between entries.

You can search through the list in the Search field or by active Status.

Selecting  ID or Name opens tax rate details.