Finance Settings: Tax categories

Access required

To access the settings, you must be a system administrator.

Tax categories are general collections of items that have common taxation rules. You must define the appropriate tax categories before you can define products and functions that use tax-by-customer-location taxation logic.

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Note

Tax categories are only applicable when using the VAT taxation method. Tax categories can be used to differentiate between standard rated, reduced rated, and zero rated products.

To define new tax categories, do the following:

1. Go to Settings > Finance > Tax categories.
2. Select Add new tax category.
3. Enter the tax category Code.
4. Enter the tax category Description.
5. Click Save.