Specify a code and name for the tax group.

Select to indicate that the tax group is inactive. Once the tax group is set as inactive, you cannot select it in any new or draft document. By default, the checkbox is not selected.

Select one of the two tax groups:

Select this option if the tax group is used for transactions with other European Union countries (relevant only for Output Tax groups).

Select Goods Shipment, Triangular Deal, or Service Supply. These three fields are mutually exclusive.

This column is relevant only for Input Tax groups (A/P). Select this option to define the tax group as pertaining to Acquisition / Reverse.

Specifying the acquisition tax is a procedure used when you record goods purchased from EU countries. Tax is not calculated in the document, but the correct amount is recorded in the journal entry and affects the tax report. In this case, the tax amount in the rows and in the total of the A/P invoice would be 0.

The values displayed in these columns represent the date from which a tax group rate (%) is effective.

Since the tax percentage may change from time to time, you can create additional entries by double-clicking the row number of the tax group and defining them in the Tax Definition window.

The rate of tax that was paid but not allowed as a deduction. The calculation of the non-deductible amount is based on the tax amount. Relevant only for Input tax groups (A/P).

When using a tax group defined as non-deductible, the total amount of tax is divided between the tax account and the non-deductible tax account.

Specify the account to which you want to post the non-deductible tax amounts.

Specify a G/L account to use in journal entries containing this tax group.

Specify a G/L account to use in journal entries containing an acquisition tax.

Use this informative field to enter values, which could be used later as parameters in user queries.

Specify the equalization tax percent for each relevant tax group.

Specify a G/L account to be used for posting the equalization tax amount in the journal entries for this tax group.

Select this checkbox if the tax code is related to the Canary Islands.

This checkbox is visible only if Extended Tax Reporting is selected in the company details (see Initializing Tax Reporting According to Model 340).

Defines a tax group as a correction tax group in the system.

From the dropdown list, select the tax group you want to assign as the correction tax group for the current tax group.

Specify a report type for the tax invoice report.

From the dropdown list, specify the tax type (black list) for each tax code. Excluded means that the tax code is not relevant for the blacklist country report.