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Define Stamp Tax

In this step, you make the specifications on how stamp tax is calculated (i.e. the tax amount that is levied for every receipt depending on the amount involved (without tax on sales/ purchases)).

For this, you define the following information:

• Country (=Japan)

• Currency (=JPY)

• Level of the stamp tax calculation rule (level 1 up to a maximum amount of 29,999 is tax-exempt, for example)

• the maximum base amount for the tax calculation

• the tax amount to be paid

Activities

Make the default settings for calculating stamp tax.